Competitive Price Adjustment without Market Clearing

DOI10.2307/1912750zbMath0463.90016OpenAlexW2066355712MaRDI QIDQ3914705

Edward Zabel

Publication date: 1981

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1912750

zbMATH Keywords

competitive price adjustmentcompetitive trading processmarket clearing systemprice-maker's optimal behaviorstationary distributions of market prices

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50)

Related Items (1)

Micro adjustment toward long-term equilibrium

Cites Work

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