Existence and Uniqueness of Competitive Equilibrium in Input-Output Models with Neoclassical Production Functions

被引:0
作者
Lavrin, O. I. [1 ,2 ]
机构
[1] Moscow Inst Phys & Technol, Dolgoprudnyi 141701, Moscow Oblast, Russia
[2] Russian Acad Sci, Fed Res Ctr Comp Sci & Control, Dorodnicyn Comp Ctr, Moscow 119333, Russia
基金
俄罗斯科学基金会;
关键词
Lagrange multipliers; Young transform; input-output model; production function; competitive equilibrium; fixed point theory; convex analysis; global uniqueness; YOUNG DUALITY; ORIGINS; BALANCE;
D O I
10.1134/S1995080224608191
中图分类号
O1 [数学];
学科分类号
0701 ; 070101 ;
摘要
In this paper, sufficient conditions for the existence and uniqueness of the equilibrium price index in the model of nonlinear input-output balances were established. These conditions were shown to be natural and applicable in practical settings. Moreover, for certain cases, it was possible to prove the Lipschitz continuity of the dependence of the equilibrium price index on the prices of primary resources. In the absence of capacity constraints, the uniqueness of the price index is ensured by the inability to completely substitute primary resources in the production functions.
引用
收藏
页码:264 / 272
页数:9
相关论文
共 19 条
[1]  
Acemoglu D., 2010, NBER Working Papers, V16516
[2]   Microeconomic Origins of Macroeconomic Tail Risks [J].
Acemoglu, Daron ;
Ozdaglar, Asuman ;
Tahbaz-Salehi, Alireza .
AMERICAN ECONOMIC REVIEW, 2017, 107 (01) :54-108
[3]   The Network Origins of Aggregate Fluctuations [J].
Acemoglu, Daron ;
Carvalho, Vasco M. ;
Ozdaglar, Asuman ;
Tahbaz-Salehi, Alireza .
ECONOMETRICA, 2012, 80 (05) :1977-2016
[4]   NONLINEAR INPUT-OUTPUT BALANCE AND YOUNG DUALITY: ANALYSIS OF COVID-19 MACROECONOMIC IMPACT ON KAZAKHSTAN [J].
Boranbayev, A. ;
Obrosova, N. ;
Shananin, A. .
SIBERIAN ELECTRONIC MATHEMATICAL REPORTS-SIBIRSKIE ELEKTRONNYE MATEMATICHESKIE IZVESTIYA, 2022, 19 (02) :835-851
[5]  
Carvalho V. M., 2018, Cambridge Working Papers in Economics, V1856
[6]   From Micro to Macro via Production Networks [J].
Carvalho, Vasco M. .
JOURNAL OF ECONOMIC PERSPECTIVES, 2014, 28 (04) :23-48
[7]  
Dixon B. P., 2012, Handbook of Computable General Equilibrium Modeling, DOI [10.1016/B978-0-444-59568-3.00017-1, DOI 10.1016/B978-0-444-59568-3.00017-1]
[8]  
Ivanter VV, 2018, Studies on Russian Economic Development, V29, P581, DOI [10.1134/s1075700718060047, 10.1134/S1075700718060047, DOI 10.1134/S1075700718060047]
[9]   Uniqueness of positive fixed points for increasing concave functions on Rn:: An elementary result [J].
Kennan, J .
REVIEW OF ECONOMIC DYNAMICS, 2001, 4 (04) :893-899
[10]  
Leontief W. W., 1951, The Structure of American Economy, 1919-1939: An Empirical Application of Equilibrium Analysis, DOI [10.1017/S0022050700054899, DOI 10.1017/S0022050700054899]