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This repository was archived by the owner on Apr 24, 2020. It is now read-only.
Hamburger, Thompson and Weil (1967) :cite:`hamburger1967computation` propose a simple bisection algorithm
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Hamburger, Thompson and Weil :cite:`hamburger1967computation` propose a simple bisection algorithm
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to find the minimal and maximal roots (i.e. :math:`\beta_0` and
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:math:`\alpha_0`) of the function :math:`\gamma\mapsto V(M(\gamma))`.
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@@ -944,7 +942,7 @@ of the two methods we use.
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In particular, as will be shown below, in
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case of an irreducible :math:`(A,B)` (like in Example 1), the maximal
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and minimal roots of :math:`V(M(\gamma))` necessarily coincide implying
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a ‘’full duality’’ result, i.e. :math:`\alpha_0 = \beta_0 = \gamma^*`,
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a ‘‘full duality’’ result, i.e. :math:`\alpha_0 = \beta_0 = \gamma^*`,
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and that the expansion (and interest) rate :math:`\gamma^*` is unique.
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Uniqueness and Irreducibility
@@ -983,7 +981,7 @@ is a self-sufficient part of the economy (a sub-economy) that in
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equilibrium can expand independently with the expansion
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coefficient :math:`\gamma^*_i`.
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The following theorem (see Theorem 9.10. in Gale, 1960:cite:`gale1989theory`) asserts that
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The following theorem (see Theorem 9.10. in Gale :cite:`gale1989theory`) asserts that
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imposing irreducibility is sufficient for uniqueness of
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:math:`(\gamma^*, x_0, p_0)`.
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@@ -1005,7 +1003,7 @@ These assumptions imply that :math:`B=I_n`, i.e., that :math:`B` can be
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written as an identity matrix (possibly after reshuffling its rows and
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columns).
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The simple model has the following special property (Theorem 9.11. in :cite:`gale1989theory`): if :math:`x_0` and :math:`\alpha_0>0` solve the TEP
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The simple model has the following special property (Theorem 9.11. in Gale :cite:`gale1989theory`): if :math:`x_0` and :math:`\alpha_0>0` solve the TEP
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