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Finite solution of pure trade markets with Cobb-Douglas utilities

  • Part II. Solution Methods
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Economic Equilibrium: Model Formulation and Solution

Part of the book series: Mathematical Programming Studies ((MATHPROGRAMM,volume 23))

Abstract

Necessary and sufficient conditions for existence of equilibria for a pure trade market with Cobb-Douglas utilities are reviewed. For a market with m goods and n agents a finite and comprehensive procedure of order m 3/3+m 2 n is described for computing all equilibria.

This research was partially supported by National Science Foundation Grant DMS 84-04121.

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Authors and Affiliations

  1. Department of Operations Research, Stanford University, 94305, Stanford, CA, USA

    B. Curtis Eaves

Authors
  1. B. Curtis Eaves
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Alan S. Manne

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© 1985 The Mathematical Programming Society, Inc.

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Curtis Eaves, B. (1985). Finite solution of pure trade markets with Cobb-Douglas utilities. In: Manne, A.S. (eds) Economic Equilibrium: Model Formulation and Solution. Mathematical Programming Studies, vol 23. Springer, Berlin, Heidelberg. https://doi.org/10.1007/BFb0121035

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  • DOI: https://doi.org/10.1007/BFb0121035

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  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-00916-7

  • Online ISBN: 978-3-642-00917-4

  • eBook Packages: Springer Book Archive

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