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You searched for subject:(Walras equilibrium). Showing records 1 – 2 of 2 total matches.

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Penn State University

1. Liao, Mouhua. Models of Strategic and Pairwise Trade.

Degree: 2012, Penn State University

This dissertation consists of three chapters. In Chapter 1, a new type of market game is formulated: the strategy space generalizes the usual Cournot quantities with limit prices. Under mild market-thickness conditions, symmetric Nash equilibria coincide with price-taking equilibria. In the case of two goods, a price-taking equilibrium is a Walrasian equilibrium. In the case of multiple goods, a price-taking equilibrium is competitive, but subject to a cash-in-advance constraint. Chapter 2 considers periodic, complete-participation trade in the Lagos-Rocheteau (Econometrica, 2009) Mode. Lagos-Rocheteau is part of the literature that applies a search model to asset trade in the over-the-counter market. The only friction in their model is a cost of agents getting into contact with other agents. Therefore, as an alternative to their investor-dealer random meetings, a centralized competitive market which occurs periodically is studied. This arrangement preserves the main tension in their paper: a tradeoff between a portfolio that maximizes current utility and one that is good on average. For calibrated versions of the model, it is shown that this market must occur only infrequently in order for investors to be as well off as they in the Lagos-Rocheteau setup. In Chapter 3, employment agents (called as em-agents) are introduced as a third type of agent in world of a labor market with search frictions. Each type of agent matches pairwise with the other two types through two independent matching processes. Each process depends on the ratio of the agent's own type to the other type in the match ( market tightness). Job matches can be formed directly between a worker and a firm, or indirectly through an em-agent. It is shown that there is a unique steady-state equilibrium in which em-agents are active. The presence of em-agents enhances the welfare of workers. More generally, the welfare of workers decreases as the outside option of em-agents or firms increases. When job matches are heterogeneous in productivity, jobs filled through em-agents have higher average productivity than ones done directly. Advisors/Committee Members: Neil Wallace, Dissertation Advisor/Co-Advisor, Neil Wallace, Committee Chair/Co-Chair, Edward James Green, Committee Member, James Schuyler Jordan, Committee Member, Anthony Mark Kwasnica, Committee Member.

Subjects/Keywords: Market game; Limit orders; Nash equilibrium; Walras equilibrium; OTC market; Periodic market; Random search; Middlemen

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APA (6th Edition):

Liao, M. (2012). Models of Strategic and Pairwise Trade. (Thesis). Penn State University. Retrieved from https://submit-etda.libraries.psu.edu/catalog/15119

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Liao, Mouhua. “Models of Strategic and Pairwise Trade.” 2012. Thesis, Penn State University. Accessed September 27, 2020. https://submit-etda.libraries.psu.edu/catalog/15119.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Liao, Mouhua. “Models of Strategic and Pairwise Trade.” 2012. Web. 27 Sep 2020.

Vancouver:

Liao M. Models of Strategic and Pairwise Trade. [Internet] [Thesis]. Penn State University; 2012. [cited 2020 Sep 27]. Available from: https://submit-etda.libraries.psu.edu/catalog/15119.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Liao M. Models of Strategic and Pairwise Trade. [Thesis]. Penn State University; 2012. Available from: https://submit-etda.libraries.psu.edu/catalog/15119

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation


Kaunas University of Technology

2. Skruodys, Nerijus. Optimizacinių ekonominės konkurencijos modelių tyrimas ir jų realizavimas interneto aplinkoje.

Degree: Master, Informatics, 2004, Kaunas University of Technology

Future enterprises will be characterized by a focus on total quality, globalization, an object-oriented approach, and a business process-oriented approach. The globalization will lead to the 'virtual enterprise'. The virtual enterprise can obtain a competitive position by defining and reengineering its business processes. However, such reengineering requires an enterprise model. Also, as manufacturing is growing more difficult and competition gets more power, there are more useful to have practical realization of theoretic models. Traditional market theory is based on Walras model. There are lots of mathematic results, explaining some processes of competition of market. Programming realization would be a useful tool for simulating real economical processes. Realization on the internet would give possibility to show the algorithm on distance studies. The quality of service is defined by the average time lost by customers while waiting for services. Formal expressions of other quality measures are difficult. A customer prefers the server with lesser total service cost. The total cost includes the service price plus waiting losses. A customer goes away, if the total cost exceeds a certain critical level. A flow of customers is stochastic. Service times are stochastic, too. There is no known analytical solution for this model. The results are obtained by Monte-Carlo simulation. The first market model considers a simple case. Here the server rate depends on a single resource that... [to full text] Advisors/Committee Members: Mockus, Jonas (Master’s thesis supervisor), Telksnys, Laimutis (Master’s degree committee chair), Pranevičius, Henrikas (Master’s degree committee member), Misevičius, Alfonsas (Master’s thesis reviewer), Plėštys, Rimantas (Master’s degree committee member), Matickas, Jonas Kazimieras (Master’s degree committee member), Jasinevičius, Raimundas (Master’s degree committee member), Barauskas, Rimantas (Master’s degree committee member).

Subjects/Keywords: Ekonomika; Rinka; Optimizacijos; Equilibrium; Market; walras; Nash; Economics; Optimizations; Pusiausvyra

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Skruodys, Nerijus. (2004). Optimizacinių ekonominės konkurencijos modelių tyrimas ir jų realizavimas interneto aplinkoje. (Masters Thesis). Kaunas University of Technology. Retrieved from http://vddb.laba.lt/obj/LT-eLABa-0001:E.02~2004~D_20040531_101946-24631 ;

Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete

Chicago Manual of Style (16th Edition):

Skruodys, Nerijus. “Optimizacinių ekonominės konkurencijos modelių tyrimas ir jų realizavimas interneto aplinkoje.” 2004. Masters Thesis, Kaunas University of Technology. Accessed September 27, 2020. http://vddb.laba.lt/obj/LT-eLABa-0001:E.02~2004~D_20040531_101946-24631 ;.

Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete

MLA Handbook (7th Edition):

Skruodys, Nerijus. “Optimizacinių ekonominės konkurencijos modelių tyrimas ir jų realizavimas interneto aplinkoje.” 2004. Web. 27 Sep 2020.

Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete

Vancouver:

Skruodys, Nerijus. Optimizacinių ekonominės konkurencijos modelių tyrimas ir jų realizavimas interneto aplinkoje. [Internet] [Masters thesis]. Kaunas University of Technology; 2004. [cited 2020 Sep 27]. Available from: http://vddb.laba.lt/obj/LT-eLABa-0001:E.02~2004~D_20040531_101946-24631 ;.

Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete

Council of Science Editors:

Skruodys, Nerijus. Optimizacinių ekonominės konkurencijos modelių tyrimas ir jų realizavimas interneto aplinkoje. [Masters Thesis]. Kaunas University of Technology; 2004. Available from: http://vddb.laba.lt/obj/LT-eLABa-0001:E.02~2004~D_20040531_101946-24631 ;

Note: this citation may be lacking information needed for this citation format:
Author name may be incomplete

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