Analysis of equilibrium prices and quantities within network-structured markets applying the Lagrange function method

E. Aiyoshi, A. Maki, M. Nishida

研究成果: Conference contribution

抜粋

In the modern market economic system, there are many brokers between primary producers and final producers or consumers. For example, many farmers produce vegetables and supply them to consumers. Between the farmers and consumers there are many brokers called retailers. The involved transactions are modeled by network-structured markets. Equilibrium market prices are obtained as the optimal Lagrange multipliers. The present paper analyzes changes in equilibrium prices and quantities within network-structured markets using the Lagrange function method. Then, different network structures and different specification for the sales and cost functions within the network-structured markets are analyzed.

元の言語English
ホスト出版物のタイトルMODSIM 2011 - 19th International Congress on Modelling and Simulation - Sustaining Our Future
ホスト出版物のサブタイトルUnderstanding and Living with Uncertainty
ページ1345-1351
ページ数7
出版物ステータスPublished - 2011 12 1
イベント19th International Congress on Modelling and Simulation - Sustaining Our Future: Understanding and Living with Uncertainty, MODSIM2011 - Perth, WA, Australia
継続期間: 2011 12 122011 12 16

出版物シリーズ

名前MODSIM 2011 - 19th International Congress on Modelling and Simulation - Sustaining Our Future: Understanding and Living with Uncertainty

Other

Other19th International Congress on Modelling and Simulation - Sustaining Our Future: Understanding and Living with Uncertainty, MODSIM2011
Australia
Perth, WA
期間11/12/1211/12/16

ASJC Scopus subject areas

  • Modelling and Simulation

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  • これを引用

    Aiyoshi, E., Maki, A., & Nishida, M. (2011). Analysis of equilibrium prices and quantities within network-structured markets applying the Lagrange function method. : MODSIM 2011 - 19th International Congress on Modelling and Simulation - Sustaining Our Future: Understanding and Living with Uncertainty (pp. 1345-1351). (MODSIM 2011 - 19th International Congress on Modelling and Simulation - Sustaining Our Future: Understanding and Living with Uncertainty).