Andrzej Wieczorek

Numerical methods and game-theoretic analysis of large scale individual production and consumption processes

933

Abstract

The paper deals with a model of large scale individual production and consumption (households). The game-theoretic model involves infinitely many anonymous agents, classified into finitely many types depending on their efficiency and consumption patterns, producing, trading and consuming some goods. The model can be regarded as describing the behavior of an economy in one or two stages. Various solution concepts, such as competitive equilibrium, efficient production and consumption patterns, producing, trading and consuming some goods. The model can be regarded as describing the behavior of an economy in one or two stages. Various solution concepts, such as competitive equilibrium, efficient production profiles, core and quasi-core are defined and studied. Finally, numerical experience with diversified special cases is reported

Keywords : individual production, infinitely many agents, large model , household economy, equilibrium, core, efficiency