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Walrasian Price Equilibrium

  • Anna Nagurney
Part of the Advances in Computational Economics book series (AICE, volume 10)

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 1999

Authors and Affiliations

  • Anna Nagurney
    • 1
  1. 1.University of MassachusettsAmherstUSA

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