curl --request POST \
--url https://api.fincept.in/quantlib/economics/equilibrium/walrasian \
--header 'Content-Type: application/json' \
--header 'X-API-Key: <api-key>' \
--data '
{
"endowments": [
[
10,
5
],
[
5,
10
]
],
"alphas": [
0.6,
0.4
],
"initial_prices": [
1,
1
],
"max_iter": 1000,
"tol": 0.000001
}
'import requests
url = "https://api.fincept.in/quantlib/economics/equilibrium/walrasian"
payload = {
"endowments": [[10, 5], [5, 10]],
"alphas": [0.6, 0.4],
"initial_prices": [1, 1],
"max_iter": 1000,
"tol": 0.000001
}
headers = {
"X-API-Key": "<api-key>",
"Content-Type": "application/json"
}
response = requests.post(url, json=payload, headers=headers)
print(response.text)const options = {
method: 'POST',
headers: {'X-API-Key': '<api-key>', 'Content-Type': 'application/json'},
body: JSON.stringify({
endowments: [[10, 5], [5, 10]],
alphas: [0.6, 0.4],
initial_prices: [1, 1],
max_iter: 1000,
tol: 0.000001
})
};
fetch('https://api.fincept.in/quantlib/economics/equilibrium/walrasian', options)
.then(res => res.json())
.then(res => console.log(res))
.catch(err => console.error(err));<?php
$curl = curl_init();
curl_setopt_array($curl, [
CURLOPT_URL => "https://api.fincept.in/quantlib/economics/equilibrium/walrasian",
CURLOPT_RETURNTRANSFER => true,
CURLOPT_ENCODING => "",
CURLOPT_MAXREDIRS => 10,
CURLOPT_TIMEOUT => 30,
CURLOPT_HTTP_VERSION => CURL_HTTP_VERSION_1_1,
CURLOPT_CUSTOMREQUEST => "POST",
CURLOPT_POSTFIELDS => json_encode([
'endowments' => [
[
10,
5
],
[
5,
10
]
],
'alphas' => [
0.6,
0.4
],
'initial_prices' => [
1,
1
],
'max_iter' => 1000,
'tol' => 0.000001
]),
CURLOPT_HTTPHEADER => [
"Content-Type: application/json",
"X-API-Key: <api-key>"
],
]);
$response = curl_exec($curl);
$err = curl_error($curl);
curl_close($curl);
if ($err) {
echo "cURL Error #:" . $err;
} else {
echo $response;
}package main
import (
"fmt"
"strings"
"net/http"
"io"
)
func main() {
url := "https://api.fincept.in/quantlib/economics/equilibrium/walrasian"
payload := strings.NewReader("{\n \"endowments\": [\n [\n 10,\n 5\n ],\n [\n 5,\n 10\n ]\n ],\n \"alphas\": [\n 0.6,\n 0.4\n ],\n \"initial_prices\": [\n 1,\n 1\n ],\n \"max_iter\": 1000,\n \"tol\": 0.000001\n}")
req, _ := http.NewRequest("POST", url, payload)
req.Header.Add("X-API-Key", "<api-key>")
req.Header.Add("Content-Type", "application/json")
res, _ := http.DefaultClient.Do(req)
defer res.Body.Close()
body, _ := io.ReadAll(res.Body)
fmt.Println(string(body))
}HttpResponse<String> response = Unirest.post("https://api.fincept.in/quantlib/economics/equilibrium/walrasian")
.header("X-API-Key", "<api-key>")
.header("Content-Type", "application/json")
.body("{\n \"endowments\": [\n [\n 10,\n 5\n ],\n [\n 5,\n 10\n ]\n ],\n \"alphas\": [\n 0.6,\n 0.4\n ],\n \"initial_prices\": [\n 1,\n 1\n ],\n \"max_iter\": 1000,\n \"tol\": 0.000001\n}")
.asString();require 'uri'
require 'net/http'
url = URI("https://api.fincept.in/quantlib/economics/equilibrium/walrasian")
http = Net::HTTP.new(url.host, url.port)
http.use_ssl = true
request = Net::HTTP::Post.new(url)
request["X-API-Key"] = '<api-key>'
request["Content-Type"] = 'application/json'
request.body = "{\n \"endowments\": [\n [\n 10,\n 5\n ],\n [\n 5,\n 10\n ]\n ],\n \"alphas\": [\n 0.6,\n 0.4\n ],\n \"initial_prices\": [\n 1,\n 1\n ],\n \"max_iter\": 1000,\n \"tol\": 0.000001\n}"
response = http.request(request)
puts response.read_body{
"success": true,
"data": {
"equilibrium_prices": [
1,
1
],
"allocations": [
[
9,
6
],
[
6,
9
]
]
}
}{
"detail": "Invalid API key"
}{
"detail": "Endpoint requires Basic tier or higher"
}{
"detail": [
{
"loc": [
"body",
"endowments"
],
"msg": "field required",
"type": "value_error.missing"
}
]
}Walrasian Equilibrium Solver
Find competitive equilibrium prices and allocations in a 2-consumer, 2-good exchange economy with Cobb-Douglas preferences. Uses iterative tâtonnement process to find prices where markets clear (excess demand = 0). Returns equilibrium price vector and optimal allocations for each consumer. Essential for general equilibrium analysis and welfare economics. [Tier: STANDARD, Credits: 2]
curl --request POST \
--url https://api.fincept.in/quantlib/economics/equilibrium/walrasian \
--header 'Content-Type: application/json' \
--header 'X-API-Key: <api-key>' \
--data '
{
"endowments": [
[
10,
5
],
[
5,
10
]
],
"alphas": [
0.6,
0.4
],
"initial_prices": [
1,
1
],
"max_iter": 1000,
"tol": 0.000001
}
'import requests
url = "https://api.fincept.in/quantlib/economics/equilibrium/walrasian"
payload = {
"endowments": [[10, 5], [5, 10]],
"alphas": [0.6, 0.4],
"initial_prices": [1, 1],
"max_iter": 1000,
"tol": 0.000001
}
headers = {
"X-API-Key": "<api-key>",
"Content-Type": "application/json"
}
response = requests.post(url, json=payload, headers=headers)
print(response.text)const options = {
method: 'POST',
headers: {'X-API-Key': '<api-key>', 'Content-Type': 'application/json'},
body: JSON.stringify({
endowments: [[10, 5], [5, 10]],
alphas: [0.6, 0.4],
initial_prices: [1, 1],
max_iter: 1000,
tol: 0.000001
})
};
fetch('https://api.fincept.in/quantlib/economics/equilibrium/walrasian', options)
.then(res => res.json())
.then(res => console.log(res))
.catch(err => console.error(err));<?php
$curl = curl_init();
curl_setopt_array($curl, [
CURLOPT_URL => "https://api.fincept.in/quantlib/economics/equilibrium/walrasian",
CURLOPT_RETURNTRANSFER => true,
CURLOPT_ENCODING => "",
CURLOPT_MAXREDIRS => 10,
CURLOPT_TIMEOUT => 30,
CURLOPT_HTTP_VERSION => CURL_HTTP_VERSION_1_1,
CURLOPT_CUSTOMREQUEST => "POST",
CURLOPT_POSTFIELDS => json_encode([
'endowments' => [
[
10,
5
],
[
5,
10
]
],
'alphas' => [
0.6,
0.4
],
'initial_prices' => [
1,
1
],
'max_iter' => 1000,
'tol' => 0.000001
]),
CURLOPT_HTTPHEADER => [
"Content-Type: application/json",
"X-API-Key: <api-key>"
],
]);
$response = curl_exec($curl);
$err = curl_error($curl);
curl_close($curl);
if ($err) {
echo "cURL Error #:" . $err;
} else {
echo $response;
}package main
import (
"fmt"
"strings"
"net/http"
"io"
)
func main() {
url := "https://api.fincept.in/quantlib/economics/equilibrium/walrasian"
payload := strings.NewReader("{\n \"endowments\": [\n [\n 10,\n 5\n ],\n [\n 5,\n 10\n ]\n ],\n \"alphas\": [\n 0.6,\n 0.4\n ],\n \"initial_prices\": [\n 1,\n 1\n ],\n \"max_iter\": 1000,\n \"tol\": 0.000001\n}")
req, _ := http.NewRequest("POST", url, payload)
req.Header.Add("X-API-Key", "<api-key>")
req.Header.Add("Content-Type", "application/json")
res, _ := http.DefaultClient.Do(req)
defer res.Body.Close()
body, _ := io.ReadAll(res.Body)
fmt.Println(string(body))
}HttpResponse<String> response = Unirest.post("https://api.fincept.in/quantlib/economics/equilibrium/walrasian")
.header("X-API-Key", "<api-key>")
.header("Content-Type", "application/json")
.body("{\n \"endowments\": [\n [\n 10,\n 5\n ],\n [\n 5,\n 10\n ]\n ],\n \"alphas\": [\n 0.6,\n 0.4\n ],\n \"initial_prices\": [\n 1,\n 1\n ],\n \"max_iter\": 1000,\n \"tol\": 0.000001\n}")
.asString();require 'uri'
require 'net/http'
url = URI("https://api.fincept.in/quantlib/economics/equilibrium/walrasian")
http = Net::HTTP.new(url.host, url.port)
http.use_ssl = true
request = Net::HTTP::Post.new(url)
request["X-API-Key"] = '<api-key>'
request["Content-Type"] = 'application/json'
request.body = "{\n \"endowments\": [\n [\n 10,\n 5\n ],\n [\n 5,\n 10\n ]\n ],\n \"alphas\": [\n 0.6,\n 0.4\n ],\n \"initial_prices\": [\n 1,\n 1\n ],\n \"max_iter\": 1000,\n \"tol\": 0.000001\n}"
response = http.request(request)
puts response.read_body{
"success": true,
"data": {
"equilibrium_prices": [
1,
1
],
"allocations": [
[
9,
6
],
[
6,
9
]
]
}
}{
"detail": "Invalid API key"
}{
"detail": "Endpoint requires Basic tier or higher"
}{
"detail": [
{
"loc": [
"body",
"endowments"
],
"msg": "field required",
"type": "value_error.missing"
}
]
}Authorizations
API key for authentication. Get your key at https://api.fincept.in/auth/register
Body
Initial endowments for each consumer [[e1_good1, e1_good2], [e2_good1, e2_good2]]
2 elements2 elementsx >= 0[[10, 5], [5, 10]]
Cobb-Douglas preference parameters for each consumer [alpha1, alpha2]
2 elements0 <= x <= 1[0.6, 0.4]
Starting prices for iteration [p1, p2]. If null, uses [1.0, 1.0]
2 elementsx >= 0[1, 1]
Maximum number of iterations for solver
x >= 11000
Convergence tolerance for excess demand
x >= 00.000001
