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Article
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SIAM Journal on Control and Optimization
Article . 1976 . Peer-reviewed
Data sources: Crossref
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Controls and Goals in Economic Equilibrium

Controls and goals in economic equilibrium
Authors: Restrepo, Rodrigo A.;

Controls and Goals in Economic Equilibrium

Abstract

This paper generalizes some results of Gale and Debreu related to results of Bohnen-blust and Karlin, commonly used to prove the existence of equilibrium in competitive economies. Applied to economics, these results allow further latitude in the choice of admissible price vectors, and in the conditions defining equilibrium. These results are also applicable in more general contexts where, instead of prices, one considers a set of controls or instruments of policy and where, instead of equilibrium, another goal is sought. These goals are related to the appropriate instruments through the concept of dual convex cones. Some examples are provided.

Keywords

Convex programming, Trade models

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
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