KFU. Card publication. An alternative economic equilibrium model with different implementation mechanisms

KAZAN
FEDERAL UNIVERSITY

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- 中文
- ES

AN ALTERNATIVE ECONOMIC EQUILIBRIUM MODEL WITH DIFFERENT IMPLEMENTATION MECHANISMS

Form of presentation

Articles in international journals and collections

Year of publication

2015

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Authors, employees of KFU

Konnov Igor Vasilevich, author

Bibliographic description in the original language

Konnov I.V. An alternative economic equilibrium model with different implementation mechanisms // Advanced Modeling and Optimization. - 2015. - V.17, No 2. - P. 245-265.

Annotation

We consider a general economic equilibrium model with divisible commodities and price functions based on the material balance condition. We show that mechanisms for attaining its solution points are closely related to information exchange schemes attributed to the model within its basic information framework. In particular, it contains features from both perfect and imperfect competitive models and its equilibrium state can be attained within a completely decentralized transaction mechanism. Therefore, we obtain a rather flexible modeling framework for describing various complex economic systems. At the same time, the model admits an equivalent variational inequality formulation, hence there exists a great collection of results for its investigation and solution. We discuss its relationships with some other economic equilibrium models.

Keywords

Economic equilibrium model, divisible commodities, price functions, basic information framework, implementation mechanism, information exchange scheme, bilateral transactions, auction model, oligopolistic equilibria.

The name of the journal

Advanced Modeling and Optimization

URL

http://camo.ici.ro/journal/vol17/v17b7.pdf

Please use this ID to quote from or refer to the card

https://repository.kpfu.ru/eng/?p_id=126525&p_lang=2

Full metadata record

Field DC	Value	Language
dc.contributor.author	Konnov Igor Vasilevich	ru_RU
dc.date.accessioned	2015-01-01T00:00:00Z	ru_RU
dc.date.available	2015-01-01T00:00:00Z	ru_RU
dc.date.issued	2015	ru_RU
dc.identifier.citation	Konnov I.V. An alternative economic equilibrium model with different implementation mechanisms // Advanced Modeling and Optimization. - 2015. - V.17, No 2. - P. 245-265.	ru_RU
dc.identifier.uri	https://repository.kpfu.ru/eng/?p_id=126525&p_lang=2	ru_RU
dc.description.abstract	Advanced Modeling and Optimization	ru_RU
dc.description.abstract	We consider a general economic equilibrium model with divisible commodities and price functions based on the material balance condition. We show that mechanisms for attaining its solution points are closely related to information exchange schemes attributed to the model within its basic information framework. In particular, it contains features from both perfect and imperfect competitive models and its equilibrium state can be attained within a completely decentralized transaction mechanism. Therefore, we obtain a rather flexible modeling framework for describing various complex economic systems. At the same time, the model admits an equivalent variational inequality formulation, hence there exists a great collection of results for its investigation and solution. We discuss its relationships with some other economic equilibrium models.	ru_RU
dc.language.iso	ru	ru_RU
dc.subject	Economic equilibrium model	ru_RU
dc.subject	divisible commodities	ru_RU
dc.subject	price functions	ru_RU
dc.subject	basic information framework	ru_RU
dc.subject	implementation mechanism	ru_RU
dc.subject	information exchange scheme	ru_RU
dc.subject	bilateral transactions	ru_RU
dc.subject	auction model	ru_RU
dc.subject	oligopolistic equilibria.	ru_RU
dc.title	An alternative economic equilibrium model with different implementation mechanisms	ru_RU
dc.type	Articles in international journals and collections	ru_RU