A discrete and symmetric price adjustment process on the simplex

DOI10.1016/S0165-1889(99)00029-9zbMath0948.91028OpenAlexW2143636307MaRDI QIDQ1978594

Jan Tuinstra

Publication date: 4 June 2000

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

Full work available at URL: https://doi.org/10.1016/s0165-1889(99)00029-9

zbMATH Keywords

tâtonnement processbifurcation routes to chaossymmetric equilibrium price

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

Related Items (8)

Conditions for Cooperation and Trading in Value-Cost Dynamic Games ⋮ A price adjustment process with symmetry ⋮ Let it be: chaotic price instability can be beneficial ⋮ Evolutionary competition between adjustment processes in Cournot oligopoly: instability and complex dynamics ⋮ A robust rational route to randomness in a simple asset pricing model ⋮ A PRICE ADJUSTMENT PROCESS IN A MODEL OF MONOPOLISTIC COMPETITION ⋮ Convergence of iterative tâtonnement without price normalization ⋮ An Economy Can Have a Lorenz-Type Chaotic Attractor

Uses Software

• LOCBIF

Cites Work

• Unnamed Item
• Nonlinear oscillations, dynamical systems, and bifurcations of vector fields
• Symmetry-increasing bifurcation of chaotic attractors
• Singularities and groups in bifurcation theory. Volume II
• Chaotic tatonnement
• On the equivalence between the overlapping-generations model and cyclical general-equilibrium models
• Some Examples of Global Instability of the Competitive Equilibrium
• Market Dynamics and the Law of Demand
• Iterative Price Mechanisms
• A Rational Route to Randomness
• Price dynamics in equilibrium models
• Elements of applied bifurcation theory

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