Andrzej Mackiewicz, Andrzej Wieczorek

Computing equilibria in economic models with infinitely many agents

903

Abstract

Two economic models (typical in the class of models reducing to large games), of household economy and of labour market, involving infinitely many agents are briefly presented along with a method to reduce the search for their equilibria to a mathematical optimization problem. Programs to solve these problems are presented and specific numerical examples follow.

Key words: equilibrium, household production, labour market, infinite population