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Non-computability of competitive equilibrium
Richter, Marcel K.; Wong, Kam C. - In: Economic theory : official journal of the Society for … 14 (1999) 1, pp. 1-27
Persistent link: https://ebvufind01.dmz1.zbw.eu/10001396465
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Bounded rationalities and definable economies
Richter, Marcel K.; Wong, Kam C. - 1996
Persistent link: https://ebvufind01.dmz1.zbw.eu/10000951783
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Evolution of Walrasian equilibrium in an exchange economy
Kim, Chong-min; Wong, Kam C. - In: Journal of evolutionary economics : JEE 21 (2011) 4, pp. 619-647
Persistent link: https://ebvufind01.dmz1.zbw.eu/10009299957
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Non-Computability of Competitive Equilibrium
Richter, Marcel (Ket); Wong, Kam C. - 1999
We provide a "computable counterexample" to the Arrow-Debreu competitive equilibrium existence theorem [2]. In particular, we find an exchange economy in which all components are (Turing) computable, but in which no competitive equilibrium is computable. This result can be interpreted as an...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10014185758
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Non-computability of competitive equilibrium
Wong, Kam-Chau; Richter, Marcel K. - In: Economic Theory 14 (1999) 1, pp. 1-27
We provide a "computable counterexample" to the Arrow-Debreu competitive equilibrium existence theorem [2]. In particular, we find an exchange economy in which all components are (Turing) computable, but in which no competitive equilibrium is computable. This result can be interpreted as an...
Persistent link: https://ebvufind01.dmz1.zbw.eu/10005370841
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The core-Walras equivalence
Armstrong, Thomas E.; Richter, Marcel K. - In: Journal of economic theory 33 (1984) 1, pp. 116-151
Persistent link: https://ebvufind01.dmz1.zbw.eu/10001859345