An algorithm for computing equilibria in a linear monetary economy |
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| Authors: | Roger B Myerson |
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| Institution: | (1) J.L. Kellogg Graduate School of Management, Northwestern University Evanston, 60201, IL, USA |
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| Abstract: | An algorithm is presented for computing equilibria in a linear monetary economy, that is, an exchange economy in which all individuals have linear utility functions and in which goods are bought and sold only in exchange for money. The algorithm computes the equilibrium prices by solving a finite sequence of linear programming problems. |
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| Keywords: | Equilibrium Linear Monetary Economy Linear Programming |
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