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An algorithm for a piecewise linear model of trade and production with negative prices and bankruptcy |
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| Authors: | G. B. Dantzig B. C. Eaves D. Gale |
| Affiliation: | (1) Stanford University, Stanford, CA., USA;(2) University of California, Berkeley, CA., USA |
| Abstract: | The general equilibrium model is approximated as a piecewise linear convex model and solved from the point of view of welfare economics using linear programming and fixed point methods.This research was supported in part by Army Research Office-Durham Contract DAAG-29-74-C-0032, NSF Grant MPS-72-04832-A03, and Energy Research and Development Administration Contract E(04-3)-326 PA#18. |
| Keywords: | Algorithm Piecewise Linear Complementary Pivot Equilibrium Model Trade Production Prices Linear Programming Fixed Point Methods |
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