Price dynamics in an exchange economy

DOI10.1007/s00199-011-0651-5zbMath1268.91148OpenAlexW2122681245WikidataQ56697966 ScholiaQ56697966MaRDI QIDQ1949205

Steven Gjerstad

Publication date: 6 May 2013

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

Full work available at URL: https://doi.org/10.1007/s00199-011-0651-5

zbMATH Keywords

time seriescompetitive equilibriumexperimental economicsunit root testsexchange economytatonnementcontinuous double auctiondisequilibrium dynamicsHahn process

Mathematics Subject Classification ID

Economic time series analysis (91B84) Special types of economic equilibria (91B52) Microeconomic theory (price theory and economic markets) (91B24)

Related Items (3)

Fat tails arise endogenously from supply/demand, with or without jump processes ⋮ Derivation of non-classical stochastic price dynamics equations ⋮ The invisible hand of Laplace: the role of market structure in price convergence and oscillation

Cites Work

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• Some Examples of Global Instability of the Competitive Equilibrium
• Efficient Tests for an Autoregressive Unit Root
• A Theorem on Non-Tatonnement Stability
• Concurrent trading in two experimental markets with demand interdependence

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