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Multi-Page Format Economic Systems

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Extremal Methods and Systems Analysis

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 174))

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Abstract

Recently the multi-page format of mathematical programming has been applied to large sectors of an economy (i.e. the market for civilian and military manpower, the banking system and other financial intermediaries), or even to an entire economy (Mexico, Hungary). In such situations a problem emerges which had not been foreseen in the early developments of this programming technique: interrelationships in the macro-economy which cause the weights of the global maximand (the global prices) to be dependent upon the global availability of resources (defining the coupling constraints).

Contact is thus established between the multi-page format of mathematical programming on the one hand, and general equilibrium theory on the other. Indeed, the Walras system itself can be written on the multi-page format.

Some standard models of the economic system are rewritten on the multi-page format. The reformulation invites some extension of the classical models in that the presence of entire sets of linear constraints can be handled in a routine fashion.

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Authors
  1. Sten Thore
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Editors and Affiliations

  1. Department of Operations Research Institute for Management Science and Engineering, The Washington University, 20052, Washington, DC, USA

    Anthony V. Fiacco

  2. Department of Mathematics, Carnegie-Mellon University, 15213, Pittsburgh, PA, USA

    Kenneth O. Kortanek

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© 1980 Springer-Verlag Berlin Heidelberg

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Thore, S. (1980). Multi-Page Format Economic Systems. In: Fiacco, A.V., Kortanek, K.O. (eds) Extremal Methods and Systems Analysis. Lecture Notes in Economics and Mathematical Systems, vol 174. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46414-0_3

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  • DOI: https://doi.org/10.1007/978-3-642-46414-0_3

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-09730-3

  • Online ISBN: 978-3-642-46414-0

  • eBook Packages: Springer Book Archive

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