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JOURNALS // Zhurnal Vychislitel'noi Matematiki i Matematicheskoi Fiziki // Archive

Zh. Vychisl. Mat. Mat. Fiz., 2013 Volume 53, Number 2, Pages 225–237 (Mi zvmmf9778)

This article is cited in 16 papers

Equilibrium price as a coincidence point of two mappings

A. V. Arutyunov, S. E. Zhukovskiy, N. G. Pavlova

Peoples Friendship University of Russia

Abstract: The existence of an equilibrium price vector in a nonlinear market model is analyzed. In the model, the demand and supply functions are obtained by maximizing the producer utility and profit, respectively. Sufficient conditions for the existence of an equilibrium price vector and its stability with respect to small perturbations in the model are given. The results are consequences of theorems on the existence and stability of coincidence points in the theory of $\alpha$-covering mappings.

Key words: equilibrium prices, demand function, supply function, coincidence point, covering mappings.

UDC: 519.626

Received: 07.08.2012

DOI: 10.7868/S0044466913020051


 English version:
Computational Mathematics and Mathematical Physics, 2013, 53:2, 158–169

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