A mathematical programming approach for different scenarios of bilateral bartering

The analysis of markets with indivisible goods and fixed exogenous prices has played an important role in economic models, especially in relation to wage rigidity and unemployment. This paper provides a novel mathematical programming based approach to study pure exchange economies where discrete amo...

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Detalles Bibliográficos
Autores: Nasini, Stefano, Castro, Jordi, Fonseca, Pau
Tipo de recurso: artículo
Fecha de publicación:2015
País:España
Institución:Universitat Autònoma de Barcelona
Repositorio:Dipòsit Digital de Documents de la UAB
Idioma:inglés
OAI Identifier:oai:ddd.uab.cat:132929
Acceso en línea:https://ddd.uab.cat/record/132929
Access Level:acceso abierto
Palabra clave:Numerical optimization
Combinatorial optimization
Microeconomic theory
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spelling A mathematical programming approach for different scenarios of bilateral barteringNasini, StefanoCastro, JordiFonseca, PauNumerical optimizationCombinatorial optimizationMicroeconomic theoryThe analysis of markets with indivisible goods and fixed exogenous prices has played an important role in economic models, especially in relation to wage rigidity and unemployment. This paper provides a novel mathematical programming based approach to study pure exchange economies where discrete amounts of commodities are exchanged at fixed prices. Barter processes, consisting in sequences of elementary reallocations of couple of commodities among couples of agents, are formalized as local searches converging to equilibrium allocations. A direct application of the analysed processes in the context of computational economics is provided, along with a Java implementation of the described approaches. 22015-01-0120152015-01-01Articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://ddd.uab.cat/record/132929reponame:Dipòsit Digital de Documents de la UABinstname:Universitat Autònoma de BarcelonaInglésengopen accesshttp://purl.org/coar/access_right/c_abf2Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.https://creativecommons.org/licenses/by-nc-nd/3.0/info:eu-repo/semantics/openAccessoai:ddd.uab.cat:1329292026-06-06T12:50:31Z
dc.title.none.fl_str_mv A mathematical programming approach for different scenarios of bilateral bartering
title A mathematical programming approach for different scenarios of bilateral bartering
spellingShingle A mathematical programming approach for different scenarios of bilateral bartering
Nasini, Stefano
Numerical optimization
Combinatorial optimization
Microeconomic theory
title_short A mathematical programming approach for different scenarios of bilateral bartering
title_full A mathematical programming approach for different scenarios of bilateral bartering
title_fullStr A mathematical programming approach for different scenarios of bilateral bartering
title_full_unstemmed A mathematical programming approach for different scenarios of bilateral bartering
title_sort A mathematical programming approach for different scenarios of bilateral bartering
dc.creator.none.fl_str_mv Nasini, Stefano
Castro, Jordi
Fonseca, Pau
author Nasini, Stefano
author_facet Nasini, Stefano
Castro, Jordi
Fonseca, Pau
author_role author
author2 Castro, Jordi
Fonseca, Pau
author2_role author
author
dc.subject.none.fl_str_mv Numerical optimization
Combinatorial optimization
Microeconomic theory
topic Numerical optimization
Combinatorial optimization
Microeconomic theory
description The analysis of markets with indivisible goods and fixed exogenous prices has played an important role in economic models, especially in relation to wage rigidity and unemployment. This paper provides a novel mathematical programming based approach to study pure exchange economies where discrete amounts of commodities are exchanged at fixed prices. Barter processes, consisting in sequences of elementary reallocations of couple of commodities among couples of agents, are formalized as local searches converging to equilibrium allocations. A direct application of the analysed processes in the context of computational economics is provided, along with a Java implementation of the described approaches.
publishDate 2015
dc.date.none.fl_str_mv 2
2015-01-01
2015
2015-01-01
dc.type.none.fl_str_mv Article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://ddd.uab.cat/record/132929
url https://ddd.uab.cat/record/132929
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
https://creativecommons.org/licenses/by-nc-nd/3.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
https://creativecommons.org/licenses/by-nc-nd/3.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Dipòsit Digital de Documents de la UAB
instname:Universitat Autònoma de Barcelona
instname_str Universitat Autònoma de Barcelona
reponame_str Dipòsit Digital de Documents de la UAB
collection Dipòsit Digital de Documents de la UAB
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