EXTENSION OF GAMS FOR COMPLEMENTARITY-PROBLEMS ARISING IN APPLIED ECONOMIC-ANALYSIS

Authors
RUTHERFORD TF
Citation
Tf. Rutherford, EXTENSION OF GAMS FOR COMPLEMENTARITY-PROBLEMS ARISING IN APPLIED ECONOMIC-ANALYSIS, Journal of economic dynamics & control, 19(8), 1995, pp. 1299-1324
Citations number
30
Categorie Soggetti
Economics
Journal title
Journal of economic dynamics & control → ACNP
ISSN journal
01651889
Volume
19
Issue
8
Year of publication
1995
Pages
1299 - 1324
Database
ISI
SICI code
0165-1889(1995)19:8<1299:EOGFCA>2.0.ZU;2-N
Abstract
This paper introduces new features of the GAMS modeling language which have been developed for solving nonlinear complementarity problems. T he paper defines the 'mixed complementarity problem' (MCP) and its var ious manifestations. Complementarity formulations for three economic m odels are developed, and computational benchmarks are presented for tw o large-scale MCP solvers. Finally, procedures for local sensitivity a nalysis are described.