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the triangulation lies in a cube of size one. With respect to this triangulation we assume that the function satisfies … prove this we use a simplicial algorithm that terminates with a zero point within a finite number of iterations. The …
Persistent link: https://www.econbiz.de/10011378347
the triangulation lies in a cube of size one. With respect to this triangulation we assume that the function satisfies … prove this we use a simplicial algorithm that terminates with a zero point within a finite number of iterations. The …
Persistent link: https://www.econbiz.de/10014206228
Persistent link: https://www.econbiz.de/10003807167
of the triangulation lies in an n-dimensional cube of size one. With respect to this triangulation we assume that the … zero point. To prove this we use a simplicial algorithm that terminates with a zero point within a finite number of …
Persistent link: https://www.econbiz.de/10012722331
In this paper, we study the throughput of multiclass networks featuring several types of flexible servers as well as general constraints both on the number of servers having the same skills and on the number of servers allowed at each station. Each job class is characterized by its processing...
Persistent link: https://www.econbiz.de/10009388996
A general and practical competitive market model for trading indivisible goods is introduced. There are a group of buyers and a group of sellers, and several indivisible goods. Each buyer is initially endowed with a sufficient amount of money and each seller is endowed with several units of each...
Persistent link: https://www.econbiz.de/10014125050
This paper uses the tools developed in the literature on dynamically incomplete markets with finite agents to study the large economy with a continuum of agents and both aggregate and idiosyncratic shocks in Krusell and Smith (1998). It establishes the existence of sequential competitive...
Persistent link: https://www.econbiz.de/10011919029
In this paper, I study the existence and uniqueness of recursive equilibria in economies with aggregate and idiosyncratic risk. Rather than relying on compactness to establish existence, I exploit the monotonicity property of the equilibrium model and rely on arguments from convex analysis. This...
Persistent link: https://www.econbiz.de/10012851345
In this paper, we study resource allocation in multiclass networks having several types of flexible servers and general constraints on the number of servers at each station. Each job class is characterized by the station where the job is processed and by the amount of work allocated to that...
Persistent link: https://www.econbiz.de/10009388987
A theory of general economic equilibrium with incomplete financial markets is developed with many new features, including currency-denominated prices which enable treatment of currency-based derivative instruments and collateralized contracts. Prices in such models with standard market structure...
Persistent link: https://www.econbiz.de/10013051812