• Title/Summary/Keyword: General Equilibrium

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Analyzing Separation and Weight of Partial Equilibrium Welfare Effects and Spillover Effects of Restriction on the Fishery Market (수산물시장규제의 부분균형후생효과와 파급효과의 분리와 비중분석)

  • Park, Hoan-Jae
    • The Journal of Fisheries Business Administration
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    • v.47 no.1
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    • pp.101-113
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    • 2016
  • The purpose of this paper is to analyze theoretically and empirically spillover effects of fishery quota on related markets through their demand curves. Theoretically, the spillover effects of a change in quota can be captured through the directly distorted market alone by computing surpluses associated with the new and old equilibrium. This study estimates empirically demand functions in the context of both the partial equilibrium and general equilibrium. The spillover effect can be computed from the difference between these two estimates. The econometric methodology to estimate the demand curves in the context of general equilibrium is presented and illustrated. The empirical result of fishery markets shows that spillover effects transmitted across other markets are not small and approximately account for 43.3% of the partial equilibrium welfare effects.

REGULARIZED PENALTY METHOD FOR NON-STATIONARY SET VALUED EQUILIBRIUM PROBLEMS IN BANACH SPACES

  • Salahuddin, Salahuddin
    • Korean Journal of Mathematics
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    • v.25 no.2
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    • pp.147-162
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    • 2017
  • In this research works, we consider the general regularized penalty method for non-stationary set valued equilibrium problem in a Banach space. We define weak coercivity conditions and show that the weak and strong convergence problems of the regularized penalty method.

WEAK AND STRONG CONVERGENCE THEOREMS FOR A SYSTEM OF MIXED EQUILIBRIUM PROBLEMS AND A NONEXPANSIVE MAPPING IN HILBERT SPACES

  • Plubtieng, Somyot;Sombut, Kamonrat
    • Bulletin of the Korean Mathematical Society
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    • v.50 no.2
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    • pp.375-388
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    • 2013
  • In this paper, we introduce an iterative sequence for finding solution of a system of mixed equilibrium problems and the set of fixed points of a nonexpansive mapping in Hilbert spaces. Then, the weak and strong convergence theorems are proved under some parameters controlling conditions. Moreover, we apply our result to fixed point problems, system of equilibrium problems, general system of variational inequalities, mixed equilibrium problem, equilibrium problem and variational inequality.

BEST PROXIMITY PAIRS AND NASH EQUILIBRIUM PAIRS

  • Kim, Won-Kyu;Kum, Sang-Ho
    • Journal of the Korean Mathematical Society
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    • v.45 no.5
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    • pp.1297-1310
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    • 2008
  • Main purpose of this paper is to combine the optimal form of Fan's best approximation theorem and Nash's equilibrium existence theorem into a single existence theorem simultaneously. For this, we first prove a general best proximity pair theorem which includes a number of known best proximity theorems. Next, we will introduce a new equilibrium concept for a generalized Nash game with normal form, and as applications, we will prove new existence theorems of Nash equilibrium pairs for generalized Nash games with normal form.

A Study on Keynese's Employment and Price Theory (케인즈의 고용 . 물가이론소고)

  • 박일근
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.8 no.12
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    • pp.65-77
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    • 1985
  • The mainpoints of General Theory is 1) the mainspring of economic activity is effective demand which can expand or control in relation to supply as a result of spontaneous decision by customer or government. 2) change in effective demand Produce change in output and employment in the same direction 3) which given productivity of labour the Vice level depend on the money supply affect the in downward direction 4) change in the money supply affect the economy through the rates of interest 5) the only automatic mechanism through which the economy can adjust itself to a deficiency of effective demand is the long process which unemployment reduces wage rates and consequently the demand for money and interest rates, above summarized contents are General Theory frame-work. The neo-classical macro general equilibrium theory, which has been reconstructed subsequent to Keyneses critism is treated the neo-classical macro-general equilibrium theory which inherits the classical theories of labour market and the aggregate production function, on demand side, it introduce the Keyneses macro-general equilibrium theory, which function through flexible movement of prices, wage and interest. Nowadays, Keynes General Theory is being developed into new dimension i, e. the macro-disequilibrium theory, and adequacy, and appropriateness of the theory and its significant contributions to modern economics are being reinterpreted and substantiated.

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INCLUSION AND INTERSECTION THEOREMS WITH APPLICATIONS IN EQUILIBRIUM THEORY IN G-CONVEX SPACES

  • Balaj, Mircea;O'Regan, Donal
    • Journal of the Korean Mathematical Society
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    • v.47 no.5
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    • pp.1017-1029
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    • 2010
  • In this paper we obtain a very general theorem of $\rho$-compatibility for three multivalued mappings, one of them from the class $\mathfrak{B}$. More exactly, we show that given a G-convex space Y, two topological spaces X and Z, a (binary) relation $\rho$ on $2^Z$ and three mappings P : X $\multimap$ Z, Q : Y $\multimap$ Z and $T\;{\in}\;\mathfrak{B}$(Y,X) satisfying a set of conditions we can find ($\widetilde{x},\;\widetilde{y}$) ${\in}$ $X\;{\times}\;Y$ such that $\widetilde{x}\;{\in}\;T(\widetilde{y})$ and $P(\widetilde{x}){\rho}\;Q(\widetilde{y})$. Two particular cases of this general result will be then used to establish existence theorems for the solutions of some general equilibrium problems.

Generic Costing Scheme Using General Equilibrium Theory for Fair Cloud Service Charging

  • Hussin, Masnida;Jalal, Siti Fajar;Latip, Rohaya
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.15 no.1
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    • pp.58-73
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    • 2021
  • Cloud Service Providers (CSPs) enable their users to access Cloud computing and storage services from anywhere in quick and flexible manners through the Internet. With the basis of 'pay-as-you-go' model, it makes the interactions between CSPs and the users play a vital role in shaping the Cloud computing market. A pool of virtualized and dynamically scalable Cloud services that delivered on demand to the users is associated with guaranteed performance and cost-provisioning. It needed a costing scheme for determining suitable charges in order to secure lease pricing of the Cloud services. However, it is hard to meet the satisfied prices for both CSPs and users due to their conflicting needs. Furthermore, there is lack of Service Level Agreements (SLAs) that allowing the users to take part into price negotiating process. The users may lose their interest to use Cloud services while reducing CSPs profit. Therefore, this paper proposes a generic costing scheme for Cloud services using General Equilibrium Theory (GET). GET helps to formulate the price function for various services' factors to match with various demands from the users. It is initially determined by identifying the market circumstances that a general equilibrium will be hold and reached. Specifically, there are two procedures of agreement made in response to (i) established equilibrium supply and demand, and (ii) service price formed and constructed in a price range. The SLAs in our costing scheme is integrated to satisfy both CSPs and users' needs while minimizing their conflicts. The price ranging strategy is deliberated to provide prices' options to the users with respect their budget limit. Meanwhile, the CSPs can adaptively charge based on users' preferences without losing their profit. The costing scheme is testable and analyzed in multi-tenant computing environments. The results from our simulation experiments demonstrate that the proposed costing scheme provides better users' satisfaction while fostering fairness pricing in the Cloud market.

Thermochemical Performance Analysis of KSR-III Rocket Nozzle (KSR-III 로켓 노즐의 열화학적 성능해석)

  • Choi, J.Y.;Choi, H.S.;Kim, Y.M.
    • 한국연소학회:학술대회논문집
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    • 2001.06a
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    • pp.90-98
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    • 2001
  • Characteristics of high temperature rocket nozzle flow is discussed along with the aspects of computational analysis. Three methods of nozzle flow analysis, frozen-equilibrium, shifting-equilibrium and non-equilibrium approaches, were discussed, those were coupled with the methods of computational fluid dynamics code. A chemical equilibrium code developed for the analysis of general hydrocarbon fuel was coupled with three approaches of nozzle flow analysis. The approaches were used for the performance prediction of KSR-III Rocket, and compared with the theoretical results from NASA CEA (Chemical Equilibrium with Applications) code.

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Thermochemcial Characteristics of Rocket Nozzle Flow and Methods of Analysis (로켓 노즐 유동의 열/화학적 특징 및 해석 기법)

  • Choi Jeong-Yeol
    • 한국전산유체공학회:학술대회논문집
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    • 2001.05a
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    • pp.144-148
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    • 2001
  • Characteristics of high temperature rocket nozzle flow is discussed along with the aspects of computational analysis. Three methods of nozzle flow analysis, frozen-equilibrium, shifting-equilibrium and non-equilibrium approaches, were discussed those were coupled with the methods of computational fluid dynamics. A chemical equilibrium code developed for the analysis of general hydrocarbon fuel was coupled with three approaches of nozzle flow analysis, and a test was made for a bell nozzle at typical operation condition. As a results, the characteristics of the approaches were discussed in aspects of rocket performance, thermal analysis and computational efficiency.

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