SOME PANSYSTEMS MODELS OF GENERAL EQUILIBRIUM IN ECONOMICS
CHEN BEIFANG
(Department of Mathematics, Huazhong University of Science and Technology, Wuhan, (China))
WU XUEMOU
(China Digital Engineering Institute, Wuhan, (China))
34
Abstract
Equilibrium is an important problem in mathematical economics. The paper deals with the problem by establishing pansystems models of equilibrium and introducing ε‐equilibrium solutions. Under the framework of these models, we discuss the existence of equilibrium solution and the ranges where prices, demand and supply commodities vary, respectively.
Citation
BEIFANG, C. and XUEMOU, W. (1985), "SOME PANSYSTEMS MODELS OF GENERAL EQUILIBRIUM IN ECONOMICS", Kybernetes, Vol. 14 No. 1, pp. 37-43. https://doi.org/10.1108/eb005702
Publisher
:MCB UP Ltd
Copyright © 1985, MCB UP Limited