Equilibrium adjustment of disequilibrium prices

DOI10.1016/0304-4068(95)00761-XzbMath0880.90011OpenAlexW2130914771MaRDI QIDQ1361906

Gerard van der Laan, P. Jean-Jacques Herings, Adolphus J. J. Talman, R. J. G. Venniker

Publication date: 28 July 1997

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4068(95)00761-x

zbMATH Keywords

exchange economysimplicial algorithmWalrasian equilibriumprice rigiditiesadjustment processDrèze equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (3)

An adjustment process for nonconvex production economies ⋮ The transition from a Drèze equilibrium to a Walrasian equilibrium ⋮ Universally converging adjustment processes -- a unifying approach.

Cites Work

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• Existence of an Exchange Equilibrium under Price Rigidities
• Rationing, Queues, and Black Markets
• Equilibrium Points of Bimatrix Games

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