A note on solving general equilibrium problems with variational inequality techniques

A note on solving general equilibrium problems with variational inequality techniques

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Article ID: iaor19911003
Country: Netherlands
Volume: 9
Issue: 5
Start Page Number: 335
End Page Number: 339
Publication Date: Sep 1990
Journal: Operations Research Letters
Authors: ,
Keywords: depreciation
Abstract:

This note compares two algorithms for solving general equilibrium models: Newton’s method for the nonlinear complementarity formulation of this problem, and the recently proposed accelerated linear Jacobi method for the problem’s variational inequality formation. After summarizing the problem formulations, a series of numerical results are presented which show that the easily implemented linear Jacobi method can often solve problems for which Newton’s method fails.

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