Commodity Exchanges as Gradient Processes

DOI10.2307/1911103zbMath0436.90014OpenAlexW3121655601MaRDI QIDQ3877343

Claude d'Aspremont, Henry Tulkens

Publication date: 1980

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1911103

zbMATH Keywords

gradient projection methodpure exchange economyefficient allocationcommodity exchangesclassical welfare maximization theoremgradient processes

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Nonlinear programming (90C30) General equilibrium theory (91B50)

Related Items (3)

Efficient, Pareto-improving processes ⋮ Money, barter, and convergence to the competitive allocation: Menger's problem ⋮ Classification theorem for smooth social choice on a manifold

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