Market Equilibrium in Exchange Economies with Some Families of Concave Utility Functions

Bruno Codenotti and Kasturi Varadarajan
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Kasturi Varadarajan: University of Iowa

Computational Economics from University Library of Munich, Germany

Abstract: We present explicit convex programs which characterize the equilibrium for certain additively separable utility functions and CES functions. These include some CES utility functions that do not satisfy weak gross substitutability.

Keywords: Exchange economy; computation of equilibria; convex feasibility problem (search for similar items in EconPapers)
JEL-codes: C8 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2005-03-10
Note: Type of Document - pdf; pages: 18
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpco:0503001

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