| Article ID: | iaor19981202 |
| Country: | Netherlands |
| Volume: | 6 |
| Issue: | 3 |
| Start Page Number: | 213 |
| End Page Number: | 225 |
| Publication Date: | Nov 1996 |
| Journal: | Computational Optimization and Applications |
| Authors: | Bachem A., Hochstttler W., Steckemetz B., Volmer A. |
| Keywords: | optimization: simulated annealing |
We report on computational experience with an implementation of three algorithms for the general economic equilibrium problem. As a result we get that the projection algorithm for variational inequalities increases the size of solvable models by a factor of 5–10 in comparison with the classical homotopy method. As a third approach we implemented a simulated annealing heuristic which might be suitable to estimate equilibria for very large models.