New conditions for the existence of equilibrium prices

New conditions for the existence of equilibrium prices

We study the existence of equilibrium price vector in a supply-demand model taking into account the transaction costs associated with the sale of products. In this model, the demand function is the solution to the problem of maximizing the utility function under budget constraints. The supply functi...

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Bibliographic Details
Main Authors: Arutyunov Aram V., Pavlova Natalia G., Shananin Aleksandr A.
Format: Article
Language:English
Published: University of Belgrade 2018-01-01
Series:Yugoslav Journal of Operations Research
Subjects:
economic equilibrium
demand function
supply function
transaction costs
coincidence points
covering mappings
Online Access:http://www.doiserbia.nb.rs/img/doi/0354-0243/2018/0354-02431700021A.pdf

Internet

http://www.doiserbia.nb.rs/img/doi/0354-0243/2018/0354-02431700021A.pdf

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