This paper develops a new dynamic model of Cournot–Nash oligopolistic competition that includes production and transportation costs, product differentiation, and quality levels in a network framework. The production costs capture the total quality cost, which, in turn, can also represent the...

In this paper we develop a general financial equilibrium model with policy interventions, in terms of taxes and price controls, and with transaction costs. The equilibrium conditions governing the financial model are derived and the equilibrium assets, liabilities, and instrument prices are...

In this paper, we consider the financial equilibrium problem consisting of multiple sectors, each of which seeks to determine the optimal size of its portfolio, along with its optimal holdings of assets as well as liabilities. We construct the network underlying each sector's optimization...

In this paper, we describe a massively parallel implementation of the Splitting Equilibration Algorithm using CM FORTRAN on the Thinking Machines CM-2 system. Numerical results using upwards of 32 768 (32 K) processors on the CM-2 system, the Connection Machine, are presented for both...

In this paper, we present a variational inequality framework for the modeling, qualitative analysis, and computation of equilibria in markets in pollution permits. The models developed herein allow for different modes of competitive behavior, including oligopolistic behavior, while taking into...

In this paper we develop a framework for the study of financial equilibrium in the case of sectors in the economy, each of which is faced with two objectives/criteria in his portfolio selection decision making. In particular, we first present the bicriteria decision model of an individual...