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The Homotopy Continuation Method and the Walrasian General Equilibrium Theory

The Homotopy Continuation Method and the Walrasian General Equilibrium Theory
The homotopy continuation method becomes a. powerful tool for comparative statics in the large. It is also, by its nature, to be used for showing the existence of zeroes of a map. In this paper, we first present some existence theorems concerning set-valued maps.
openaire   +1 more source

Paradoxes of Perfect Foresight in General Equilibrium Theory [PDF]

Intertemporal General Equilibrium Theory cannot be used to settle the Capital Controversy. The device of using dated commodities to avoid dynamic analysis excludes, artificially, strategic behaviour. The auctioneer plays an unsuspectedly stronger role in
Johnson, Joseph
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Who is Post-Walrasian Man? [PDF]

This paper, written for a conference volume on "post-Walrasian macro-economics," reviews what we have learned, and perhaps not learned, about the character of economic man over the last few decades, and discusses some of the macroeconomic implications of
Peter Hans Matthews
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How market ecology explains market malfunction. [PDF]

Proc Natl Acad Sci U S A, 2021
Scholl MP, Calinescu A, Farmer JD.
europepmc   +1 more source

Equilibrium in a market with intermediation is Walrasian. [PDF]

We show that a profit maximizing monopolistic intermediary may behave approximately like a Walrasian auctioneer setting bid and ask prices nearly equal to Walrasian equilibrium prices.
Wooders, John
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The economic damage of COVID-19 on regional economies: an application of a spatial computable general equilibrium model to South Korea. [PDF]

Ann Reg Sci, 2022
Kim E, Jin D, Lee H, Jiang M.
europepmc   +1 more source

Marshall versus Walras on Equilibrium and Time [PDF]

The aim of this paper is to ponder upon Marshall’s conception of equilibrium and to confront it withWalras’s. In a first section, I present a rational reconstruction of the Marshallian conception.
Michel De Vroey
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Convergence in the Finite Cournot Oligopoly with Social and Individual Learning [PDF]

Convergence to the Nash equilibrium in a Cournot oligopoly is a question that recurrently arises as a subject of controversy in economics. The development of evolutionary game theory has provided an equilibrium concept more directly connected with ...
Murat Yildizoglu, Thomas Vallée
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Statistical Entropy in General Equilibrium Theory [PDF]

This essay seeks to develop an integrated account of the workings of statistical mechanics and thermodynamics as a theory of economic equilibrium. It begins with a probabilistic description of general systems (made out of numerous elements), based on the
Panagis Liossatos
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Approximate social nash equilibria and applications [PDF]

In this paper, a concept of approximate social Nash equilibria is considered and an existence result is given when the strategic spaces of the players are not compact. These have been obtained using an approximate fixed point theorem.
Vincenzo Scalzo
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