In this paper we consider the computation of an equilibrium in a pure exchange economy with a block diagonal pattern. Such a structure appears in, e.g., international trade models. Utilizing the block diagonal pattern, the full equilibrium problem is reformulated as a problem on the product space of several lower-dimensional price-simplices. Some numerical results show the usefulness of this method.
MLA
Laan, Gerard van der. “The Computation of General Equilibrium in Economies with a Block Diagonal Pattern.” Econometrica, vol. 53, .no 3, Econometric Society, 1985, pp. 659-666, https://www.jstor.org/stable/1911660
Chicago
Laan, Gerard van der. “The Computation of General Equilibrium in Economies with a Block Diagonal Pattern.” Econometrica, 53, .no 3, (Econometric Society: 1985), 659-666. https://www.jstor.org/stable/1911660
APA
Laan, G. v. d. (1985). The Computation of General Equilibrium in Economies with a Block Diagonal Pattern. Econometrica, 53(3), 659-666. https://www.jstor.org/stable/1911660
The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica. Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.