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2014
Walras theory is well known and widely used in models of market economy [3]. Various iterative methods are developed to search for the equilibrium conditions. In this paper a search for the Nash equilibrium [2] is deЇned as a stochastic global optimization problem. The improved version of web-based optimization software is presented.
Katin, I., Mockus, J.
openaire +1 more source
Walras theory is well known and widely used in models of market economy [3]. Various iterative methods are developed to search for the equilibrium conditions. In this paper a search for the Nash equilibrium [2] is deЇned as a stochastic global optimization problem. The improved version of web-based optimization software is presented.
Katin, I., Mockus, J.
openaire +1 more source
Cournot versus Walras in dynamic oligopolies with memory
International Journal of Industrial Organization, 2004Carlos Alos-Ferrer
exaly