Skip to main content
SpringerLink
Log in
Book cover

Convex Analysis and Its Applications pp 170–179Cite as

Computation of Equilibrium Price and Quantity Vectors

  • Conference paper

  • 77 Accesses

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 144))

Abstract

We consider here the problem of equilibrium price and quantity vectors for a production-consumption economy. There are, in actuality, three problems: the mathematical problem of existence, the technical problem of computing the equilibria, and the economic problem of dynamic convergence to the equilibrium.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Bibliography

  1. Allais, M., Traité de’Economie Pure. Paris (Imprimerie Nationale) 1943.

    Google Scholar 

  2. Allen, R.G.D., Mathematical Economics, London (Macmillan) 1960.

    Google Scholar 

  3. Arrow, K.J., and G. Debreu, “Existence of an Equilibrium for a Competitive Economy,” Econometrica, 22 (1954), 265–290.

    Article  Google Scholar 

  4. Arrow, K.J. and L. Hurwicz, “On the Stability of the Competitive Equilibrium I,” Econometrica, 26 (1958), 522–552.

    Article  Google Scholar 

  5. Arrow, K.J., H. D. Block, and L. Hurwicz, “On the Stability of the Competitive Equilibrium II.” Econometrica, 27 (1959), 82–109.

    Article  Google Scholar 

  6. Ezekiel, M., “The Cobweb Theorem,” Quarterly Journal of Economics, 52 (1938).

    Google Scholar 

  7. Hicks, J.R., A Contribution to the Theory of the Trade Cycle. Oxford (Clarendon Press) 1951.

    Google Scholar 

  8. Hildenbrand, W., and J. F. Mertens, “Upper Hemi-Continuity of the Equilibrium-Set Correspondence for Pure Exchange Economics,” Econometrica, 40 (1972), 99–108.

    Article  Google Scholar 

  9. Rosenmüller, J., “Konjunkturschwankungen,” Selecta Mathematica IV, Heidelberg (Springer-Verlag) 1972, 143–173.

    Google Scholar 

  10. Scarf, H.E., The Computation of Economic Equilibria, New Haven (Yale University Press), 1973.

    Google Scholar 

  11. Starr, R.M., “Quasi-Equilibria in Markets with non-Convex Preferences,” Econometrica, 37 (1969), 25–38.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Rice University, USA

    Guillermo Owen

Authors
  1. Guillermo Owen
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Complexe Scientifique des Cézeaux, Départment de Mathematiques Appliquèes, Université de Clermont II, BoÎte Postale n° 45, 63170, Aubière, France

    Alfred Auslender

Rights and permissions

Reprints and permissions

Copyright information

© 1977 Springer-Verlag Berlin · Heidelberg

About this paper

Cite this paper

Owen, G. (1977). Computation of Equilibrium Price and Quantity Vectors. In: Auslender, A. (eds) Convex Analysis and Its Applications. Lecture Notes in Economics and Mathematical Systems, vol 144. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-48298-4_10

Download citation

  • DOI: https://doi.org/10.1007/978-3-642-48298-4_10

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-08149-4

  • Online ISBN: 978-3-642-48298-4

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics

Search

Navigation