Showing 1 - 2 of 2
This paper develops a method to compute the equilibrium correspondence for exchangeeconomies with semi-algebraic preferences. Given a class of semi-algebraic exchange economiesparameterized by individual endowments and possibly other exogenous variables such as prefer-ence parameters or asset...
Persistent link: https://www.econbiz.de/10005868692
Multiplicity of equilibria is a prevalent problem in many economic models. Oftenequilibria are characterized as solutions to a system of polynomial equations. This pa-per gives an introduction to the application of GrÄobner basis methods for ¯nding allsolutions of a polynomial system. The...
Persistent link: https://www.econbiz.de/10005868693