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Volume 14, Issue 1
1 January 1985
Kybernetes Cover Image for Volume 14, Issue 1
Review Article| January 01 1985

SOME PANSYSTEMS MODELS OF GENERAL EQUILIBRIUM IN ECONOMICS

CHEN BEIFANG;
CHEN BEIFANG
Department of Mathematics, Huazhong University of Science and Technology, Wuhan, (China)
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WU XUEMOU
WU XUEMOU
China Digital Engineering Institute, Wuhan, (China)
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Author & Article Information
Publisher: Emerald Publishing
Online ISSN: 1758-7883
Print ISSN: 0368-492X
© MCB UP Limited
1985
Kybernetes (1985) 14 (1): 37–43.
https://doi.org/10.1108/eb005702

Equilibrium is an important problem in mathematical economics. The paper deals with the problem by establishing pansystems models of equilibrium and introducing ε‐equilibrium solutions. Under the framework of these models, we discuss the existence of equilibrium solution and the ranges where prices, demand and supply commodities vary, respectively.

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© MCB UP Limited
1985
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