Polyhedral Complementarity Approach to Equilibrium Problem in Linear Exchange Models

New development of original approach to the equilibrium problem in a linear exchange model and its variations is presented. The conceptual base of this approach is the scheme of polyhedral complementarity. The idea is fundamentally different from the well-known reduction to a linear complementarity problem. It may be treated as a realization of the main idea of the linear and quadratic programming methods. In this way, the finite algorithms for finding the equilibrium prices are obtained. The whole process is a successive consideration of different structures of possible solution. They are analogous to basic sets in the simplex method. The approach reveals a decreasing property of the associated mapping whose fixed point yields the equilibrium of the model. The basic methods were generalized for some variations of the linear exchange model.