Browsing by Subject Implicit supply-demand

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  • TCTL.0000103_A proximal point algorithm for solving a class of implicit equilibrium models.pdf.jpg
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  • Authors: Dung Muu Le (2024)

  • We apply the proximal point algorithm to solve a class of implicit price equilibrium models including the Walras supply-demand and competitive equilibrium ones, where both supply and demand are given implicitly as the solution-sets of mathematical programs depending on the price. Such models are formulated as complementarity or variational inequality forms. We employ a monotonicity property of the cost operator to develop proximal point based algorithms to approximate an equilibrium point of the model. Convergence of the algorithm is proved and some computational results with many randomly generated data are reported to show that the proposed algorithms work well for this class of eq...