A Complementary Pivot Algorithm for Market Equilibrium under Separable, Piecewise-Linear Concave Utilities

2015 ◽  
Vol 44 (6) ◽  
pp. 1820-1847 ◽  
Author(s):  
Jugal Garg ◽  
Ruta Mehta ◽  
Milind Sohoni ◽  
Vijay V. Vazirani
Keyword(s):  
Piecewise Linear ◽  
Market Equilibrium ◽  
Pivot Algorithm

Market equilibrium under separable, piecewise-linear, concave utilities

2011 ◽  
Vol 58 (3) ◽  
pp. 1-25 ◽  
Author(s):  
Vijay V. Vazirani ◽  
Mihalis Yannakakis
Keyword(s):  
Piecewise Linear ◽  
Market Equilibrium

Chaos in a manifold piecewise linear system

1981 ◽  
Vol 64 (10) ◽  
pp. 9-17 ◽  
Author(s):  
Toshimichi Saito ◽  
Hiroichi Fujita
Keyword(s):  
Linear System ◽  
Piecewise Linear ◽  
Piecewise Linear System

On Practical Validity of Quantity Theory of Money, or How Much the Dogmatism of Monetary Authorities Costs

2008 ◽  
pp. 31-45 ◽  
Author(s):  
S. Glazyev
Keyword(s):  
Monetary Policy ◽  
Economic Development ◽  
Money Supply ◽  
Market Equilibrium ◽  
Static State ◽  
Quantity Theory ◽  
Monetary Authorities ◽  
State Of The Economy ◽  
Market Organization

The article critically considers basic postulates of quantity theory of money. It shows that they reflect the static state of the economy in abstract models of market equilibrium but do not prove true in actual economic processes. In contrast to monetarists’ view, prices can rise as well as fall even if other variables of the monetarist equation are stable. Thus it cannot be used for grounding monetary policy. The author comes to the conclusion on the dogmatism of Russian monetary authorities that seriously hinders the country’s economic development. He proposes to switch to market organization of money supply basing on regulation of the refinancing rate.

Contract institutions in the Russian economy: The sphere of state, municipal, and regulated procurement

2017 ◽  
pp. 93-110 ◽  
Author(s):  
O. Anchishkina
Keyword(s):  
Economic Growth ◽  
Theoretical Model ◽  
Market Structure ◽  
Market Equilibrium ◽  
Statistical Evidence ◽  
Market Model ◽  
Market Behavior ◽  
Database Analysis ◽  
Russian Economy ◽  
Contracting Model

The article synthesizes information on database analysis of state, municipal, and regulated procurement through which Russian contract institutions and the market model are investigated. The inherent uncertainty of quantity indicators on contracting activities and process is identified and explained. The article provides statistical evidence for heterogeneous market structure in state and municipal procurement, and big player’s dominance. A theoretical model for market behavior, noncooperative competition and collusion is proposed, through which the major trends are explained. The intrinsic flaws and failure of the current contracting model are revealed and described. This ineffectiveness is regarded to be not a limitation, but a challenge to be met. If responded to, drivers for economic growth and market equilibrium will be switched on.

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