Abstract:
In this paper, we construct an algorithm for finding equilibrium positions in the “supply-demand” model based on the theory of covering mappings and the problem of coincidence points for two mappings. The search algorithm is based on the Hooke–Jeeves method. A software implementation of the algorithm is verified by numerical experiments for model dimensions $1$–$4$.
Keywords:coincidence point, demand, supply, covering mapping, iterative process, economic equilibrium.