In this paper we present an analysis of the concept of general equilibrium, its limitations, potential and misinterpretations. We clarify the difference between structural equilibrium and dynamical equilibrium, reflecting ...

In this paper a new approach to intercity freight transportation system modeling is developed. Modeling formulation considers supply-demand equilibrium, where the demand side represents the behavior of shippers (cargo ...

We described a method to solve deterministic and stochastic Walras equilibrium models based on associating with the given problem a bifunction whose maxinf-points turn out to be equilibrium points. The numerical procedure ...

Lucas (2000) has shown that Bailey’s formula for the welfare costs of inflation can be regarded as an approximation to the general-equilibrium measures that emerge from the Sidrauski and the shopping-time models. In this ...

We analyze the manipulability of competitive equilibrium allocation rules for the simplest many-to-many extension of Shapley and Shubik’s (Int J Game Theory 1:111–130, 1972) assignment game. First, we show that if an agent ...

This article proposes a multi-objective optimization approach to the formulation of a number of equilibrium problems that typically arise in the transportation planning process. These fall into two classes: combined demand ...

The aim of this work is to develop stoichiometric equilibrium models that permit the study of parameters effect in the gasification process of a particular feedstock. In total four models were tested in order to determine ...

This paper investigates an economy where all consumption goods are indivisible at the individual level, but perfectly divisible at the overall level of the economy. In order to facilitate trading of goods, we introduce ...