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| Author: | Wu, Y. Fuller, J. |
| Title: | An algorithm for the multiperiod market equilibrium model with geometric distributed lag demand |
| Journal: | Operations Research
1996 : NOV-DEC, VOL. 44:6, p. 1002-1012 |
| Index terms: | ECONOMICS MODELS DEMAND |
| Language: | eng |
| Abstract: | This paper presents a new equilibrium-seeking algorithm, called the decoupling algorithm, for calculation of multiperiod equilibrium of supplies and demands when demand has a geometric distributed lag (GDL) structure and supply is represented by a linear process submodel. The new algorithm is required because it may be difficult to obtain the equilibrium by a diagonalization algorithm, a modified GDL equilibrium model, the "decoupled model", is solved by the PIES algorithm; successive approximations move closer to the true equilibrium. |
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