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- W1977491340 abstract "In this paper we consider the problem of finding an equilibrium in an economy with non-linear constant returns to scale production activities. To find an equilibrium we propose an adjustment process in which the prices of the commodities and the activity levels of production adjust simultaneously. The process starts at a price vector at which each production activity has non-positive profit. We show that the process follows a path which connects the starting point with an equilibrium of the economy. From this it follows that the existence of a price vector at which each production activity has non-positive profit implies the existence of an equilibrium. The equilibrium can be computed by using a simplicial algorithm or by solving a sequence of Linear Variational Inequality Problems." @default.
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- W1977491340 date "1993-06-01" @default.
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- W1977491340 title "On the existence and computation of an equilibrium in an economy with constant returns to scale production" @default.
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- W1977491340 doi "https://doi.org/10.1007/bf02061064" @default.
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