Title :
An interior-point method for computing economic equilibria
Author_Institution :
Subotica Tech, Coll. of Appl. Sci., Subotica, Serbia
Abstract :
In this paper the possibility of computing equilibrium in static production economies by interior point 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; demand function; economic equilibria computation; interior point method; static production economies; Approximation algorithms; Biological system modeling; Computational modeling; Economics; Jacobian matrices; Production; Vectors;
Conference_Titel :
Intelligent Systems and Informatics (SISY), 2011 IEEE 9th International Symposium on
Conference_Location :
Subotica
Print_ISBN :
978-1-4577-1975-2
DOI :
10.1109/SISY.2011.6034304
