Computer-aided approach for general equilibrium theory in continuous domains with heuristics
by Hara Yuki
THESIS
2020
M.Phil. Computer Science and Engineering
v, 27 pages ; 30 cm
Abstract
Recently, the use of computer-aided approaches such as formal verification
of theorems and theorem discovery in economic studies has been
developed. Most of the works are made for social choice theory in discrete
domains, and it is said that these computer-aided techniques are not applicable
for microeconomic problems in continuous domains, such as general
equilibrium theory. In this work, it is proposed to enable computer-aided
approaches to perform on microeconomic problems in continuous domains
by including ”heuristics” to ease the complexity. With ”heuristics” axioms,
it is shown that a special case of the first fundamental theorem of
welfare economics is formally verified, and conditions where market failure
does not occur despite of externalities.
Post a Comment