Title | ||
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Hölderian continuity of solutions of a dynamic Walrasian price equilibrium problem with application |
Abstract | ||
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This paper considers a qualitative analysis of the solution of a pure exchange general economic equilibrium problem regulated by Walras' law in the dynamic parametric case. The equilibrium conditions that describe this pure exchange economic model are expressed in terms of a time-dependent parametric variational inequality for which a Holderian type stability of the solutions have been proved. For this model, we have also focused our attention on a numerical application with the parameter @n=(@m,@l), where @m represents the variation of the average annual inflation rate and @l represents the variation of the vat share, both considered in Italy in the year 2008. For this numerical example it has been proved the existence of the solutions of the evolutionary parametric variational inequality that describes the equilibrium conditions by means of the direct method and by using MATLAB computation, after a linear interpolation, the curves of equilibria have been visualized. |
Year | DOI | Venue |
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2011 | 10.1016/j.camwa.2011.02.008 | Computers & Mathematics with Applications |
Keywords | Field | DocType |
economic model,holderian type stability,equilibrium condition,time-dependent parametric variational inequality,general economic equilibrium problem,dynamic parametric case,parametric variational inequality,dynamic walrasian price equilibrium,numerical application,walras’ law,numerical example,evolutionary parametric variational inequality,lderian continuity,pure exchange,parametric sensitivity analysis,hölderian type stability,walras law,qualitative analysis,direct method,sensitivity analysis,variational inequality,linear interpolation | Direct method,Mathematical optimization,Mathematical economics,Economic model,Mathematical analysis,Walras' law,Parametric statistics,Linear interpolation,Mathematics,Economic equilibrium,Inflation,Variational inequality | Journal |
Volume | Issue | ISSN |
61 | 7 | Computers and Mathematics with Applications |
Citations | PageRank | References |
0 | 0.34 | 7 |
Authors | ||
1 |
Name | Order | Citations | PageRank |
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F. Scaramuzzino | 1 | 0 | 0.34 |