THE COMPUTATION OF
ECONOMIC EQUILIBRIA
by
HERBERT SCARF
with the collaboration of Terje Hansen
Yale University Press, New Haven and London
1973
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TABLE OF CONTENTS
Chapter
Page
Preliminary Pages
i
1.
The Problem of Computing Equilibrium Prices
1
2.
The Determination of an Approximate Fixed Point of a Continuous Mapping
24
3.
Some Numerical Applications of Brouwer's Theorem
60
4.
An Extension of the Algorithm
74
5.
The Computation of Equilibria in a General Walrasian Model and Other Applications
98
6.
A Procedure for Resolving Degeneracy
144
7.
Algorithms Based on Simplicial Subdivisions
170
8.
Some Applications to
n
-Person Game Theory
200
Appendices
1. A FORTRAN Program for the Replacement Step of Section 6.3
2. An Estimate of the Number of Iterations Required by the Algorithm
233
References
241
Index
247