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Equilibrium with fixed budgets and superlinear connections

  • A. M. Rubinov (a1) and B. M. Glover (a1)

Abstract

We study models of economic equilibrium with fixed budgets and assuming superlinear connections between consumption and production. Extremal problems and the existence of equilibria are discussed for such models along with some related differential properties. Examples to illustrate the broad nature of the model are discussed.

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References

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[1]Arrow, K. J. and Hahn, F. N., General competitive analysis (Holden-Day, San-Francisco, 1971).
[2]Arrow, K. J. and Intrilligator, M. D. (eds.), Handbook of mathematical economics 2 (North-Holland, Amsterdam, 1982).
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[6]Grandmont, J. M., “Temporary general equilibrium theory”, Econometrica 45 (1977) 535572.
[7]Makarov, V. L., Levin, M. I. and Rubinov, A. M., Mathematical economic theory: pure and mixed types of economic mechanisms, Advanced Textbooks in Economics 33 (North-Holland, Amsterdam, 1995).
[8]Nikaido, H., Convex structures and economic theory (Academic Press, New York, 1969).
[9]Polterovich, V. M., “On stability of some resource allocation and price control processes”, in Mathematical economy and functional analysis, (in Russian), (Nauka, Moscow, 1978).
[10]Rockafellar, R. T., Convex analysis (Princeton University Press, Princeton, New Jersey, 1970).
[11]Rubinov, A. M., “Equilibrium with fixed prices: coupons or budget functions?”, Working paper 7/96, SITMS, University of Ballarat, 1996.
[12]Timokhov, A. V., Mathematical models of economic reproduction, (in Russian) (Moscow State University Press, Moscow, 1982).
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Equilibrium with fixed budgets and superlinear connections

  • A. M. Rubinov (a1) and B. M. Glover (a1)

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