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Normalization of one price #22

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mattwigway opened this issue Oct 29, 2019 · 0 comments
Open

Normalization of one price #22

mattwigway opened this issue Oct 29, 2019 · 0 comments

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@mattwigway
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Tra (2007) normalized one price when clearing the market to ensure that the solution was stable. When I did this (by arbitrarily forcing one excess demand to be zero) it prevented convergence. I'm not sure it's needed—as many authors have noted, there may be multiple equilibria in these models—but it could be put back if I could figure out how to implement it.

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