The law of supply and demand as a law of Markov chains

DOI10.1016/0022-0531(82)90045-XzbMath0488.90024OpenAlexW2027525895MaRDI QIDQ1166400

John Conlisk

Publication date: 1982

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(82)90045-x

zbMATH Keywords

interactive Markov chainsmathematical analogystability of certain nonlinear variants of a Markov chainstability of general equilibrium models

Mathematics Subject Classification ID

Lyapunov and other classical stabilities (Lagrange, Poisson, (L^p, l^p), etc.) in control theory (93D05) Economic growth models (91B62) Continuous-time Markov processes on discrete state spaces (60J27)

Related Items (2)

Asymptotic behavior of some interactive population flow models ⋮ Stability and monotonicity for interactive Markov chains

Cites Work

• On the Stability of the Competitive Equilibrium, II
• A stochastic model allowing interaction among individuals and its behavior for large populations
• Interactive markov chains
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