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# Walrasian Price Equilibrium

Chapter

## 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.

## Keywords

Variational Inequality Projection Method Relaxation Method Price Vector Network Equilibrium
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© Springer Science+Business Media Dordrecht 1999