Market design and the stability of general equilibrium

DOI10.1016/j.jet.2016.04.004zbMath1371.91125OpenAlexW2336987269WikidataQ57937043 ScholiaQ57937043MaRDI QIDQ308605

Jacob K. Goeree, Luke Lindsay

Publication date: 6 September 2016

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

Full work available at URL: https://doi.org/10.1016/j.jet.2016.04.004

zbMATH Keywords

instabilitygeneral equilibriummarket designtatonnementglobal Newtonian dynamicScarf economy

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (2)

Divergence and convergence in Scarf cycle environments: experiments and predictability in the dynamics of general equilibrium systems ⋮ General equilibrium methodology applied to the design, implementation and performance evaluation of large, multi-market and multi-unit policy constrained auctions

Cites Work

• Learning competitive equilibrium
• The no-surplus condition as a characterization of perfectly competitive equilibrium
• A convergent process of price adjustment and global Newton methods
• Mathematical problems for the next century
• Global instability in experimental general equilibrium: the Scarf example
• Approximate tâtonnement processes
• Learning competitive equilibrium in laboratory exchange economies
• Some Examples of Global Instability of the Competitive Equilibrium
• Price Formation in Single Call Markets
• Getting to a Competitive Equilibrium
• Supply Function Equilibria in Oligopoly under Uncertainty
• A Theorem on Non-Tatonnement Stability

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