DocumentCode
2726362
Title
Computing economic equilibria by a homotopy method
Author
Pap, Zoltan
Author_Institution
Subotica Tech - Coll. of Appl. Sci., Subotica, Serbia
fYear
2011
fDate
21-22 Nov. 2011
Firstpage
143
Lastpage
148
Abstract
In this paper the possibility of computing equilibrium in pure exchange and production economies by a homotopy method is investigated. The performance of the algorithm is tested on examples with known equilibria taken from the literature on general equilibrium models and numerical results are presented. In computing equilibria, economy will be specified by excess demand function.
Keywords
industrial economics; topology; economic equilibria model; excess demand function; homotopy method; production economies; pure exchange; Biological system modeling; Computational modeling; Economics; Nonlinear equations; Production; Vectors;
fLanguage
English
Publisher
ieee
Conference_Titel
Computational Intelligence and Informatics (CINTI), 2011 IEEE 12th International Symposium on
Conference_Location
Budapest
Print_ISBN
978-1-4577-0044-6
Type
conf
DOI
10.1109/CINTI.2011.6108488
Filename
6108488
Link To Document