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The Manne-Chao-Wilson algorithm for computing competitive equilibria: A modified version and its implementation

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Abstract

We present a modification of the Manne-Chao-Wilson algorithm for computing competitive equilibria and discuss some of its convergence properties. Numerical experiments involving models with up to 100 price responsive agents are provided.

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Authors and Affiliations

  1. Center for Operations Research, Université Catholique de Louvain, Louvain-la-Neuve, Belgium

    Jacqueline Boucher & Yves Smeers

Authors
  1. Jacqueline Boucher
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  2. Yves Smeers
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Additional information

This research has been partially supported by the Belgian Department for Science Policy. We are indebted to Alan Manne for helpful comments; all errors and shortcomings are ours.

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Boucher, J., Smeers, Y. The Manne-Chao-Wilson algorithm for computing competitive equilibria: A modified version and its implementation. Mathematical Programming 34, 302–332 (1986). https://doi.org/10.1007/BF01582233

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  • DOI: https://doi.org/10.1007/BF01582233

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