Equilibrium with Restriction on Exchange
Author: Rubinov, A.M.
Source: Cybernetics and Systems Analysis, Volume 38, Number 2, March 2002 , pp. 195-207(13)
Abstract:General equilibrium models with a restriction on exchange are studied. Conditions guaranteeing that equilibrium prices of all agents are not equal to zero are discussed. A special choice of budget functions, which lead to existence of the equilibrium, is proposed. A comparison of the studied equilibrium with a proposed choice of budget functions and a common equilibrium for a market model with fixed prices is accomplished.
Document Type: Research Article
Affiliations: School of Information Technology and Mathematical Sciences, University of Ballarat, Australia email@example.com
Publication date: March 2002