Existence of Equilibrium and Price Adjustments in a Finance Economy with Incomplete Markets

A.J.J. Talman, J.J.J. Thijssen

Research output: Working paperDiscussion paperOther research output

232 Downloads (Pure)

Abstract

In this paper, several problem reduction techniques are discussed that can be used to reduce the solution time of set partitioning problems. These techniques can be applied in any solution algorithm for set partitioning problems. Besides a short review of the existing literature on preprocessing set partitioning problems, we also present several new techniques. The value of these techniques is illustrated by various computational experiments.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages21
Volume2003-79
Publication statusPublished - 2003

Publication series

NameCentER Discussion Paper
Volume2003-79

Fingerprint

Incomplete Markets
Finance
Set Partitioning
Adjustment
Computational Experiments
Preprocessing

Keywords

  • general equilibrium
  • incomplete markets
  • prices
  • financial markets

Cite this

Talman, A. J. J., & Thijssen, J. J. J. (2003). Existence of Equilibrium and Price Adjustments in a Finance Economy with Incomplete Markets. (CentER Discussion Paper; Vol. 2003-79). Tilburg: Microeconomics.
Talman, A.J.J. ; Thijssen, J.J.J. / Existence of Equilibrium and Price Adjustments in a Finance Economy with Incomplete Markets. Tilburg : Microeconomics, 2003. (CentER Discussion Paper).
@techreport{45e45888e926476ca66b797d2225cf49,
title = "Existence of Equilibrium and Price Adjustments in a Finance Economy with Incomplete Markets",
abstract = "In this paper, several problem reduction techniques are discussed that can be used to reduce the solution time of set partitioning problems. These techniques can be applied in any solution algorithm for set partitioning problems. Besides a short review of the existing literature on preprocessing set partitioning problems, we also present several new techniques. The value of these techniques is illustrated by various computational experiments.",
keywords = "general equilibrium, incomplete markets, prices, financial markets",
author = "A.J.J. Talman and J.J.J. Thijssen",
note = "Pagination: 21",
year = "2003",
language = "English",
volume = "2003-79",
series = "CentER Discussion Paper",
publisher = "Microeconomics",
type = "WorkingPaper",
institution = "Microeconomics",

}

Talman, AJJ & Thijssen, JJJ 2003 'Existence of Equilibrium and Price Adjustments in a Finance Economy with Incomplete Markets' CentER Discussion Paper, vol. 2003-79, Microeconomics, Tilburg.

Existence of Equilibrium and Price Adjustments in a Finance Economy with Incomplete Markets. / Talman, A.J.J.; Thijssen, J.J.J.

Tilburg : Microeconomics, 2003. (CentER Discussion Paper; Vol. 2003-79).

Research output: Working paperDiscussion paperOther research output

TY - UNPB

T1 - Existence of Equilibrium and Price Adjustments in a Finance Economy with Incomplete Markets

AU - Talman, A.J.J.

AU - Thijssen, J.J.J.

N1 - Pagination: 21

PY - 2003

Y1 - 2003

N2 - In this paper, several problem reduction techniques are discussed that can be used to reduce the solution time of set partitioning problems. These techniques can be applied in any solution algorithm for set partitioning problems. Besides a short review of the existing literature on preprocessing set partitioning problems, we also present several new techniques. The value of these techniques is illustrated by various computational experiments.

AB - In this paper, several problem reduction techniques are discussed that can be used to reduce the solution time of set partitioning problems. These techniques can be applied in any solution algorithm for set partitioning problems. Besides a short review of the existing literature on preprocessing set partitioning problems, we also present several new techniques. The value of these techniques is illustrated by various computational experiments.

KW - general equilibrium

KW - incomplete markets

KW - prices

KW - financial markets

M3 - Discussion paper

VL - 2003-79

T3 - CentER Discussion Paper

BT - Existence of Equilibrium and Price Adjustments in a Finance Economy with Incomplete Markets

PB - Microeconomics

CY - Tilburg

ER -

Talman AJJ, Thijssen JJJ. Existence of Equilibrium and Price Adjustments in a Finance Economy with Incomplete Markets. Tilburg: Microeconomics. 2003. (CentER Discussion Paper).