Computational Aspects of Linear Exchange Economies

M. Florig

Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1)

Abstract: The set of equilibrium prices in linear exchange economies is by Mertens (1996) a convex polyhedral cone (after adding {0}). We give a constructive proof of this fact. From this, we derive a lower semi-continuity property of the equilibrium price correspondence. The set of equilibrium allocations is a closed, convex polyhedron (Bonnisseau, Florig and Jofré 1997b). We give a characterization of this set which allows to compute it.

Keywords: PRICES; ECONOMIC EQUILIBRIUM; UTILITY FUNCTIONS (search for similar items in EconPapers)
JEL-codes: D50 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pariem:2000.71

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