Finding a walrasian equilibrium is easy for a fixed number of agents [PDF]
, 2011 In this work, we study the complexity of finding a Walrasian equilibrium. Our main result gives an algorithm which can compute an approximate Walrasian equilibrium in an exchange economy with general, but well-behaved, utility functions in time that is ...
Wierman, Adam +3 more
core +1 more source
Cap‐and‐Trade and Carbon Tax Meet Arrow–Debreu
Econometrica, Volume 93, Issue 2, Page 357-393, March 2025.We propose two general equilibrium models, quota equilibrium, and emission tax equilibrium. Government specifies quotas or taxes on emissions, and then refrains from further action. All results remain valid regardless of how government chooses its emissions target.
Robert M. Anderson, Haosui Duanmu
wiley +1 more source
Resuelve: A Gauss program for solving computable general equilibrium and disequilibrium models [PDF]
This paper describes a GAUSS program that can be used, among other things, to find equilibria for computable general equilibrium models, and fix price equilibria for general non Walrasian models.
Urzúa, Carlos M.
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Testable implications of general equilibrium models: an integer programming approach. [PDF]
Focusing on the testable implications on the equilibrium manifold, we show that the rationalizability problem is NP-complete. Subsequently, we present an integer programming (IP) approach to characterizing general equilibrium models. This approach avoids
Cherchye, Laurens +2 more
core +2 more sources
Money, form and the determination of value Dinero, forma y determinación del valor
Cuadernos de Economía, 1998 This article seriously considers the form of value as an essential part of Marx's critique of political economy. It shows that this critique is especially relevant with respect to the modern theory of general equilibrium.
Benetti Carlo, Cartelier Jean
doaj
Economic crises and energy use: An input–output analysis of Catalonia's 2008–2014 financial crisis
Journal of Industrial Ecology, Volume 29, Issue 1, Page 185-203, February 2025.Abstract The impact of economic crises on an economy's energy consumption, considering its sectorial interactions, remains an unexplored area. For this article, we investigated the structural sectorial relationships in energy terms before, during, and after Catalonia's 2008–2014 financial crisis, using environmentally extended input–output analysis. We
Jaume Freire‐González, Oliver Canosa
wiley +1 more source
"A Dynamic General Equilibrium Model with Centralized Auction Markets" [PDF]
A conventional wisdom in economics is that a model dealing frictionless markets with a large number of agents always yields a Walrasian outcome. In this paper we assess the above argument in a dynamic framework by modeling centralized auction markets ...
Takashi Shimizu, Kazuya Kamiya
core
Testing the Hayek hypothesis: Recent theoretical and experimental evidence. [PDF]
PLoS One, 2022 Al-Ubaydli O, Boettke P, Albrecht BC.
europepmc +1 more source
Compatible Beliefs and Equilibrium [PDF]
In this paper I investigate the nature of the beliefs which agents must hold (at least implicitly) in order to justify their considering various alternatives, in two distinct settings: the Walrasian model without production (with competitive equilibrium),
David Cass
core
Methodological implications of the of extension of the number of considered markets in a non-Walrasian equilibrium model [PDF]
This paper deals with the consequences of the extension of the number of markets that are taken into consideration in a non-Walrasian equilibrium model. It is reviewed the initial content of the theory of non-Walrasian equilibrium and emphasizes the main
Florin-Marius PAVELESCU
core