Newton's Method Without Derivatives; Approaching Equilibrium in Parallell.

Motivated by economic examples the authors study equation solving undertaken in parallel by several non-communicating agents, each dealing with his own block of variables. The process is akin to Newton's method in using derivative information. It does, however, proceed without matrix inversion and dispenses with the need to exchange information between various blocks. Illustrations include single-agent optimization and noncooperative games.

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Year of publication:	1999
Authors:	Flam, S.D.
Institutions:	Institutt for Økonomi, Universitetet i Bergen
Subject:	GENERAL EQUILIBRIUM \| MATHEMATICAL ANALYSIS

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Series:	Norway; Department of Economics, University of Bergen.
Type of publication:	Book / Working Paper
Notes:	13 pages
Classification:	D50 - General Equilibrium and Disequilibrium. General ; C60 - Mathematical Methods and Programming. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005783568