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.
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© 1977 Springer-Verlag Berlin · Heidelberg
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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
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DOI: https://doi.org/10.1007/978-3-642-48298-4_10
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-08149-4
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