A convergent price adjustment process

DOI10.1016/0165-1765(87)90023-1zbMath1328.91118OpenAlexW2076993324MaRDI QIDQ899909

Gerard van der Laan, Adolphus J. J. Talman

Publication date: 1 January 2016

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://pure.uvt.nl/ws/files/666784/DT04____.PDF

Mathematics Subject Classification ID

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

Related Items (9)

Equilibrium adjustment of disequilibrium prices ⋮ A globally and universally stable price adjustment process ⋮ A globally convergent price adjustment process for exchange economies ⋮ Globally stable price dynamics. ⋮ Tatonnement beyond gross substitutes? Gradient descent to the rescue ⋮ An impossibility theorem for price-adjustment mechanisms ⋮ The invisible hand of Laplace: the role of market structure in price convergence and oscillation ⋮ The transition from a Drèze equilibrium to a Walrasian equilibrium ⋮ Universally converging adjustment processes -- a unifying approach.

Cites Work

• Unnamed Item
• A convergent process of price adjustment and global Newton methods
• Some Examples of Global Instability of the Competitive Equilibrium
• Iterative Price Mechanisms
• Effective Price Mechanisms
• Market Excess Demand Functions

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