DIRECT EXCHANGE IN LINEAR ECONOMIES

被引:4
|
作者
Flam, Sjur Didrik [1 ]
Gramstad, Kjetil [1 ]
机构
[1] Univ Bergen, Econ Dept, Bergen, Norway
关键词
Resource markets; transferable utility; competitive equilibrium; core imputations; linear programming; bilateral barters; convergence;
D O I
10.1142/S0219198912400063
中图分类号
O1 [数学];
学科分类号
0701 ; 070101 ;
摘要
Considered here is direct exchange of production allowances or input factors. Motivated by practical modeling and compution, we suppose every owner or user of such items has a linear technology. The issue is whether competitive market equilibrium can be reached merely via iterated bilateral barters. This paper provides positive and constructive answers.
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页数:18
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