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Random matching models with different states are an important class of dynamic games; for example, money search models, job search models, and some games in biology are special cases.In this paper, we investigate the basic structure of the models: the existence of equilibria, the global...
Persistent link: https://www.econbiz.de/10011090770
Random matching models with different states are an important class of dynamic games; for example, money search models, job search models, and some games in biology are special cases. In this paper, we investigate the basic structure of the models: the existence of equilibria, the global...
Persistent link: https://www.econbiz.de/10014071276
In a standard general equilibrium model it is assumed that there are no price restictionsand that prices adjust infinitely fast to their equilibrium values. In this paper the set ofadmissible prices is allowed to be an arbitrary convex set. For such an arbitrary set it cannotbe guaranteed that...
Persistent link: https://www.econbiz.de/10011257502
Any function from a non-empty polytope into itself that is locally gross direction preserving is shown to have the fixed point property. Brouwer's fixed point theorem for continuous functions is a special case. We discuss the application of the result in the area of non-cooperative game...</p>
Persistent link: https://www.econbiz.de/10011257532
Persistent link: https://www.econbiz.de/10011090907
Persistent link: https://www.econbiz.de/10011091292
AMS classifications: 54H25, 65K10, 49J53, 68W25
Persistent link: https://www.econbiz.de/10011091823
In this paper, several problem reduction techniques are discussed that can be used to reduce the solution time of set partitioning problems. These techniques can be applied in any solution algorithm for set partitioning problems. Besides a short review of the existing literature on preprocessing...
Persistent link: https://www.econbiz.de/10011092120
In a standard general equilibrium model it is assumed that there are no price restrictions and that prices adjust infinitely fast to their equilibrium values.In case of price restrictions a general equilibrium may not exist and rationing on net demands or supplies is needed to clear the...
Persistent link: https://www.econbiz.de/10011092228
Persistent link: https://www.econbiz.de/10011092721