Supply and demand equilibration algorithms for a class of market equilibrium problems . The analysis in terms of entire demand functions which we pursue below avoids some complications that occur when dealing with points accumulated from different time periods. Dafermos, S., and Nagurney, A. 1989. Supply and demand equilibration algorithms for a class of market equilibrium problems . 2 Walras associates an auction with each distinct good.
Agents act in the market by submitting bids to auctions.
In walras, bids specify a correspondence between prices and 2. Supply and demand equilibration algorithms for a class of market equilibrium problems . The analysis in terms of entire demand functions which we pursue below avoids some complications that occur when dealing with points accumulated from different time periods. Dafermos, S., and Nagurney, A. 1989. Supply and demand equilibration algorithms for a class of market equilibrium problems .