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Existence of Sequential Market Equilibrium in A Plan-Market Economy
作者姓名:SHOU  Jilin
作者单位:SHOU Jilin (Dept. of Applied Mathematics,Xian Jiaotong University,710049 China) Tarafdar E. U. (Dept. of Mathematics,the University of Queensland,Australia.) LI Wei (Dept. of Applied Mathematics,Xian Jiaotong University,710049 China)
摘    要:1IntroductionWiliamA.Byrdstudiedtheexistenceofequilibriuminasimplemodelwithdistinc-tivechineseeconomy(seeByrd,1989).Industria...


Existence of Sequential Market Equilibrium in A Plan Market Economy
SHOU Jilin.Existence of Sequential Market Equilibrium in A Plan-Market Economy[J].Journal of Systems Science and Systems Engineering,1998(2).
Authors:SHOU Jilin
Abstract:This paper examines the impact of planning and efficiency of markets in a stylized economy which is a finite sequence of markets for goods at successive dates, each market is a hybrid of plan and market, no one of which is complete in Arro Debreu sense. The existence of equilibrium in such a economic model is demonstrated.
Keywords:plan market economy  sequence of markets  equilibrium
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