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
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