Market exchange models and geometric programming

Marianna Eisenberg-Nagy, Tibor Illés () and Gábor Lovics
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Tibor Illés: Budapest University of Technology and Economics, Institute of Mathematics
Gábor Lovics: Budapest University of Technology and Economics, Institute of Mathematics

Central European Journal of Operations Research, 2019, vol. 27, issue 2, No 9, 415-435

Abstract: Abstract Finding the equilibrium solution of the Market Exchange Models is an interesting topic. Here we discuss some relationship of the Fisher type Homogenous Market Exchange Model and the Geometric Programming. We also discuss that the equilibrium solution of the Linear and Cobb–Douglas Market Exchange Model as two special cases of the Homogenous Market Exchange Model can be found by Geometric Programming in polynomial time.

Keywords: Market exchange models; Homogeneous concave utility functions; Geometric programming; Fisher type homogeneous market exchange models; Linear and Cobb-Douglas utility functions (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s10100-018-0582-3

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