A globally and universally stable price adjustment process
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Publication:1367862
DOI10.1016/S0304-4068(96)00770-7zbMath0883.90031OpenAlexW2103204014MaRDI QIDQ1367862
Publication date: 23 March 1998
Published in: Journal of Mathematical Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/s0304-4068(96)00770-7
Related Items (16)
Homotopy methods to compute equilibria in game theory ⋮ Stability of tâtonnement processes of short period equilibria with rational expectations ⋮ An adjustment process for the standard Arrow-Debreu model with production ⋮ A globally convergent price adjustment process for exchange economies ⋮ An adjustment process for nonconvex production economies ⋮ Globally stable price dynamics. ⋮ Tatonnement beyond gross substitutes? Gradient descent to the rescue ⋮ General equilibrium models and homotopy methods ⋮ Stochastic stability in the Scarf economy ⋮ An impossibility theorem for price-adjustment mechanisms ⋮ An \(N\)-dimensional version of Scarf's example ⋮ The invisible hand of Laplace: the role of market structure in price convergence and oscillation ⋮ The transition from a Drèze equilibrium to a Walrasian equilibrium ⋮ Global convergence of the stochastic tâtonnement process ⋮ Universally converging adjustment processes -- a unifying approach. ⋮ A globally convergent algorithm to compute all Nash equilibria for \(n\)-person games
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