On the Stability of Competitive Equilibrium and the Patterns of Initial Holdings: An Example

DOI10.2307/2526289zbMath0469.90009OpenAlexW1970225528MaRDI QIDQ3923888

Masayoshi Hirota

Publication date: 1981

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2526289

zbMATH Keywords

stabilityinstabilityrobustnesscompetitive equilibriumglobally stable tatonnement processchanges of initial holdings

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (10)

Divergence and convergence in Scarf cycle environments: experiments and predictability in the dynamics of general equilibrium systems ⋮ Global stability in a class of markets with three commodities and three consumers ⋮ Global stability condition on the plane: a general law of demand ⋮ Stability of tâtonnement processes of short period equilibria with rational expectations ⋮ A top dog tale with preference complementarities ⋮ Unnamed Item ⋮ Learning competitive equilibrium ⋮ An \(N\)-dimensional version of Scarf's example ⋮ Toda lattice hierarchy. II ⋮ The global stability of Walrasian tâtonnement

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