On the stability of an adjustment process for spatial price equilibrium modeled as a projected dynamical system

DOI10.1016/0165-1889(94)00843-2zbMath0875.90142OpenAlexW2073892161MaRDI QIDQ1350639

Anna Nagurney, Ding Zhang

Publication date: 27 February 1997

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(94)00843-2

zbMATH Keywords

Dynamical systemsStabilitySpatial price equilibriumAdjustment processes

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Stabilization of systems by feedback (93D15) Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62) Spatial models in sociology (91D25)

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Cites Work

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• Exchange price equilibria and variational inequalities
• A convergent process of price adjustment and global Newton methods
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• Variational inequalities in the analysis and computation of multi-sector, multi-instrument financial equilibria
• Responsive and strong responsive evolutionary dynamics
• Massively parallel computation of spatial price equilibrium problems as dynamical systems
• On the stability of projected dynamical systems
• Network economics: a variational inequality approach
• Sensitivity Analysis for the General Spatial Economic Equilibrium Problem

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