On the existence and computation of an equilibrium in an economy with constant returns to scale production
Abstract In this paper we consider the problem of finding an equilibrium in an economy with non-linear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultan...
Ausführliche Beschreibung
Autor*in: |
van der Laan, Gerard [verfasserIn] |
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Format: |
Artikel |
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Sprache: |
Englisch |
Erschienen: |
1993 |
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Schlagwörter: |
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Anmerkung: |
© J.C. Baltzer AG, Science Publishers 1993 |
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Übergeordnetes Werk: |
Enthalten in: Annals of operations research - Baltzer Science Publishers, Baarn/Kluwer Academic Publishers, 1984, 44(1993), 2 vom: Juni, Seite 143-160 |
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Übergeordnetes Werk: |
volume:44 ; year:1993 ; number:2 ; month:06 ; pages:143-160 |
Links: |
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DOI / URN: |
10.1007/BF02061064 |
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Katalog-ID: |
OLC2111118346 |
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520 | |a Abstract In this paper we consider the problem of finding an equilibrium in an economy with non-linear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultaneously. The process starts at a price vector at which each production activity has non-positive profit. We show that the process follows a path which connects the starting point with an equilibrium of the economy. From this it follows that the existence of a price vector at which each production activity has non-positive profit implies the existence of an equilibrium. The equilibrium can be computed by using a simplicial algorithm or by solving a sequence of Linear Variational Inequality Problems. | ||
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10.1007/BF02061064 doi (DE-627)OLC2111118346 (DE-He213)BF02061064-p DE-627 ger DE-627 rakwb eng 004 VZ 3,2 ssgn van der Laan, Gerard verfasserin aut On the existence and computation of an equilibrium in an economy with constant returns to scale production 1993 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © J.C. Baltzer AG, Science Publishers 1993 Abstract In this paper we consider the problem of finding an equilibrium in an economy with non-linear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultaneously. The process starts at a price vector at which each production activity has non-positive profit. We show that the process follows a path which connects the starting point with an equilibrium of the economy. From this it follows that the existence of a price vector at which each production activity has non-positive profit implies the existence of an equilibrium. The equilibrium can be computed by using a simplicial algorithm or by solving a sequence of Linear Variational Inequality Problems. Constant returns to scale production equilibrium adjustment process simplicial approximation Kremers, Hans aut Enthalten in Annals of operations research Baltzer Science Publishers, Baarn/Kluwer Academic Publishers, 1984 44(1993), 2 vom: Juni, Seite 143-160 (DE-627)12964370X (DE-600)252629-3 (DE-576)018141862 0254-5330 volume:44 year:1993 number:2 month:06 pages:143-160 https://doi.org/10.1007/BF02061064 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-MAT GBV_ILN_90 GBV_ILN_2005 GBV_ILN_4029 AR 44 1993 2 06 143-160 |
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10.1007/BF02061064 doi (DE-627)OLC2111118346 (DE-He213)BF02061064-p DE-627 ger DE-627 rakwb eng 004 VZ 3,2 ssgn van der Laan, Gerard verfasserin aut On the existence and computation of an equilibrium in an economy with constant returns to scale production 1993 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © J.C. Baltzer AG, Science Publishers 1993 Abstract In this paper we consider the problem of finding an equilibrium in an economy with non-linear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultaneously. The process starts at a price vector at which each production activity has non-positive profit. We show that the process follows a path which connects the starting point with an equilibrium of the economy. From this it follows that the existence of a price vector at which each production activity has non-positive profit implies the existence of an equilibrium. The equilibrium can be computed by using a simplicial algorithm or by solving a sequence of Linear Variational Inequality Problems. Constant returns to scale production equilibrium adjustment process simplicial approximation Kremers, Hans aut Enthalten in Annals of operations research Baltzer Science Publishers, Baarn/Kluwer Academic Publishers, 1984 44(1993), 2 vom: Juni, Seite 143-160 (DE-627)12964370X (DE-600)252629-3 (DE-576)018141862 0254-5330 volume:44 year:1993 number:2 month:06 pages:143-160 https://doi.org/10.1007/BF02061064 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-MAT GBV_ILN_90 GBV_ILN_2005 GBV_ILN_4029 AR 44 1993 2 06 143-160 |
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10.1007/BF02061064 doi (DE-627)OLC2111118346 (DE-He213)BF02061064-p DE-627 ger DE-627 rakwb eng 004 VZ 3,2 ssgn van der Laan, Gerard verfasserin aut On the existence and computation of an equilibrium in an economy with constant returns to scale production 1993 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © J.C. Baltzer AG, Science Publishers 1993 Abstract In this paper we consider the problem of finding an equilibrium in an economy with non-linear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultaneously. The process starts at a price vector at which each production activity has non-positive profit. We show that the process follows a path which connects the starting point with an equilibrium of the economy. From this it follows that the existence of a price vector at which each production activity has non-positive profit implies the existence of an equilibrium. The equilibrium can be computed by using a simplicial algorithm or by solving a sequence of Linear Variational Inequality Problems. Constant returns to scale production equilibrium adjustment process simplicial approximation Kremers, Hans aut Enthalten in Annals of operations research Baltzer Science Publishers, Baarn/Kluwer Academic Publishers, 1984 44(1993), 2 vom: Juni, Seite 143-160 (DE-627)12964370X (DE-600)252629-3 (DE-576)018141862 0254-5330 volume:44 year:1993 number:2 month:06 pages:143-160 https://doi.org/10.1007/BF02061064 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-MAT GBV_ILN_90 GBV_ILN_2005 GBV_ILN_4029 AR 44 1993 2 06 143-160 |
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10.1007/BF02061064 doi (DE-627)OLC2111118346 (DE-He213)BF02061064-p DE-627 ger DE-627 rakwb eng 004 VZ 3,2 ssgn van der Laan, Gerard verfasserin aut On the existence and computation of an equilibrium in an economy with constant returns to scale production 1993 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © J.C. Baltzer AG, Science Publishers 1993 Abstract In this paper we consider the problem of finding an equilibrium in an economy with non-linear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultaneously. The process starts at a price vector at which each production activity has non-positive profit. We show that the process follows a path which connects the starting point with an equilibrium of the economy. From this it follows that the existence of a price vector at which each production activity has non-positive profit implies the existence of an equilibrium. The equilibrium can be computed by using a simplicial algorithm or by solving a sequence of Linear Variational Inequality Problems. Constant returns to scale production equilibrium adjustment process simplicial approximation Kremers, Hans aut Enthalten in Annals of operations research Baltzer Science Publishers, Baarn/Kluwer Academic Publishers, 1984 44(1993), 2 vom: Juni, Seite 143-160 (DE-627)12964370X (DE-600)252629-3 (DE-576)018141862 0254-5330 volume:44 year:1993 number:2 month:06 pages:143-160 https://doi.org/10.1007/BF02061064 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW SSG-OLC-MAT GBV_ILN_90 GBV_ILN_2005 GBV_ILN_4029 AR 44 1993 2 06 143-160 |
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Abstract In this paper we consider the problem of finding an equilibrium in an economy with non-linear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultaneously. The process starts at a price vector at which each production activity has non-positive profit. We show that the process follows a path which connects the starting point with an equilibrium of the economy. From this it follows that the existence of a price vector at which each production activity has non-positive profit implies the existence of an equilibrium. The equilibrium can be computed by using a simplicial algorithm or by solving a sequence of Linear Variational Inequality Problems. © J.C. Baltzer AG, Science Publishers 1993 |
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Abstract In this paper we consider the problem of finding an equilibrium in an economy with non-linear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultaneously. The process starts at a price vector at which each production activity has non-positive profit. We show that the process follows a path which connects the starting point with an equilibrium of the economy. From this it follows that the existence of a price vector at which each production activity has non-positive profit implies the existence of an equilibrium. The equilibrium can be computed by using a simplicial algorithm or by solving a sequence of Linear Variational Inequality Problems. © J.C. Baltzer AG, Science Publishers 1993 |
abstract_unstemmed |
Abstract In this paper we consider the problem of finding an equilibrium in an economy with non-linear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultaneously. The process starts at a price vector at which each production activity has non-positive profit. We show that the process follows a path which connects the starting point with an equilibrium of the economy. From this it follows that the existence of a price vector at which each production activity has non-positive profit implies the existence of an equilibrium. The equilibrium can be computed by using a simplicial algorithm or by solving a sequence of Linear Variational Inequality Problems. © J.C. Baltzer AG, Science Publishers 1993 |
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Baltzer AG, Science Publishers 1993</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Abstract In this paper we consider the problem of finding an equilibrium in an economy with non-linear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultaneously. The process starts at a price vector at which each production activity has non-positive profit. We show that the process follows a path which connects the starting point with an equilibrium of the economy. From this it follows that the existence of a price vector at which each production activity has non-positive profit implies the existence of an equilibrium. 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