Economics, Econometrics and Finance
4 years ago

Feasible price allocation pairs solve market equilibrium with linear programming.

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Game Theory and Information
Existence of Equilibrium in Discrete Market Games
Somdeb Lahiri

Paper Summary

Feasible price allocation pairs in discrete market games are market equilibriums if they solve linear programming problems. The existence of market equilibrium can be determined using computable conditions based on discrete concave production functions.

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