Approximate Solutions of Walrasian Equilibrium Inequalities with Bounded Marginal Utilities of Income
نویسندگان
چکیده
منابع مشابه
APPROXIMATE SOLUTIONS OF THE WALRASIAN EQUILIBRIUM INEQUALITIES WITH BOUNDED MARGINAL UTILITIES OF INCOME By
Recently Cherchye et al. (2011) reformulated the Walrasian equilibrium inequalities, introduced by Brown and Matzkin (1996), as an integer programming problem and proved that solving the Walrasian equilibrium inequalities is NPhard. Brown and Shannon (2002) derived an equivalent system of equilibrium inequalities ,i.e., the dual Walrasian equilibrium inequalities. That is, the Walrasian equilib...
متن کاملAPPROXIMATE SOLUTIONS OF THE WALRASIAN AND GORMAN POLAR FORM EQUILIBRIUM INEQUALITIES By
Recently Cherchye et al. (2011) reformulated the Walrasian equilibrium inequalities, introduced by Brown and Matzkin (1996), as an integer programming problem and proved that solving the Walrasian equilibrium inequalities is NP-hard. Following Brown and Shannon (2000), we reformulate the Walrasian equilibrium inequalities as the dual Walrasian equilibrium inequalities. Brown and Shannon proved ...
متن کاملTwo Algorithms for Solving the Walrasian Equilibrium Inequalities
We propose two algorithms for deciding if the Walrasian equilibrium inequalities are solvable. These algorithms may serve as nonparametric tests for multiple calibration of applied general equilibrium models or they can be used to compute counterfactual equilibria in applied general equilibrium models defined by the Walrasian equilibrium inequalities.
متن کاملWalrasian Equilibrium with Gross Substitutes
Sloan Foundation for their support. We are grateful to Vincent Crawford who provided valuable comments and pointed out to us the connection between Kelso and Crawford [5] and our work, to John Geanakoplos for suggesting a weakening of our main assumption, and to Don Brown for valuable comments.
متن کاملBounded Approximate Character Amenability of Banach Algebras
The bounded approximate version of $varphi$-amenability and character amenability are introduced and studied. These new notions are characterized in several different ways, and some hereditary properties of them are established. The general theory for these concepts is also developed. Moreover, some examples are given to show that these notions are different from the others. Finally, bounded ap...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2506150