EconPapers    
Economics at your fingertips  
 

Computing Market Equilibria with Price Regulations Using Mathematical Programming

Harvey J. Greenberg and Frederic H. Murphy
Additional contact information
Harvey J. Greenberg: University of Colorado, Denver, Colorado
Frederic H. Murphy: Temple University, Philadelphia, Pennsylvania

Operations Research, 1985, vol. 33, issue 5, 935-954

Abstract: One approach to modeling and solving for economic equilibria relies on mathematical programming. These models solve for competitive equilibria. However, policy analysis often requires measuring the impacts of government price regulations that differ from the competitive equilibrium. In this paper we provide a unified framework for computing market equilibrium in mathematical programming models in the presence of government price regulations. The iterative procedure that we use is essentially a Gauss–Seidel algorithmic strategy. The paper concludes by showing how to represent tax/rebate programs, average-cost pricing, and price ceilings.

Keywords: 131 economics; 473 energy; 622 computing fixed points (search for similar items in EconPapers)
Date: 1985
References: Add references at CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://dx.doi.org/10.1287/opre.33.5.935 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:33:y:1985:i:5:p:935-954

Access Statistics for this article

More articles in Operations Research from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().

 
Page updated 2025-03-19
Handle: RePEc:inm:oropre:v:33:y:1985:i:5:p:935-954