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Walrasian Price Equilibrium

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Book cover Network Economics

Part of the book series: Advances in Computational Economics ((AICE,volume 10))

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Abstract

In this chapter the focus is on general economic equilibrium problems, in particular, Walrasian price or pure exchange equilibria. This problem has been extensively studied in the economics literature dating to Walras (1874); see also Wald (1951), Debreu (1959), and Mas-Colell (1985). Specifically, in this chapter we apply the powerful theory of variational inequalities to both the qualitative analysis of general economic equilibria as well as to their computation.

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© 1999 Springer Science+Business Media Dordrecht

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Nagurney, A. (1999). Walrasian Price Equilibrium. In: Network Economics. Advances in Computational Economics, vol 10. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3005-0_9

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  • DOI: https://doi.org/10.1007/978-1-4757-3005-0_9

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4419-5066-6

  • Online ISBN: 978-1-4757-3005-0

  • eBook Packages: Springer Book Archive

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