Title :
Computing economic equilibria by a homotopy method
Author_Institution :
Subotica Tech - Coll. of Appl. Sci., Subotica, Serbia
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;
Conference_Titel :
Computational Intelligence and Informatics (CINTI), 2011 IEEE 12th International Symposium on
Conference_Location :
Budapest
Print_ISBN :
978-1-4577-0044-6
DOI :
10.1109/CINTI.2011.6108488
