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- W585380188 abstract "AbstracL Demand and supply are often asymmetric, that IS, cross-prIce effects are not equal over all com modities Because ofasymmetry, conventIOnal surplus maxImIZatIOn formulatIons cannot be employed to compute a competitIVe market eqUIlibrium ThIS artI cle compares alternatIVe formulatIOns under a system ofequatIOn, optImIzatIOn, and IteratIVe procedures for computatIOn A general strategy for selectmg an ap proprIate procedure IS presented The IteratIVe pro cedure IS recommended for structural or complex nonlinear demand systems or for extremely large (sIze) problems The optimIZatIOn procedure IS suggested for large and medIum (SIze) problems because of the avaIlabIlity of a computer solutIOn package The system ofequatIOn formulatIOn IS fluggested for model mg varIOUS types of economIC behaVIOr because of Its (/exlblilty KegUJOrds. Asymmetric demand and supply, market eqUIlibrium" @default.
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- W585380188 date "1987-01-01" @default.
- W585380188 modified "2023-09-24" @default.
- W585380188 title "Computing an Asymmetric Competitive Market Equilibrium" @default.
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- W585380188 doi "https://doi.org/10.22004/ag.econ.136854" @default.
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