Arbeitspapier
Global stability conditions on the plane
The paper considers price adjustment on the plane and derives global stability conditions for such dynamics. First, we examine the well-known Scarf Example, to obtain and analyze a global stability condition for this case. Next, for a general class of excess demand functions, a set of conditions is identified which guarantee not only convergence to some equilibrium but also robustness of these properties.
- Sprache
-
Englisch
- Erschienen in
-
Series: ISER Discussion Paper ; No. 589
- Klassifikation
-
Wirtschaft
Existence and Stability Conditions of Equilibrium
Optimization Techniques; Programming Models; Dynamic Analysis
General Equilibrium and Disequilibrium: General
- Thema
-
global stability conditions
dynamics on the plane
excess demand functions
Dulac's Criterion
Gleichgewichtsstabilität
Marktmechanismus
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mukherji, Anjan
- Ereignis
-
Veröffentlichung
- (wer)
-
Osaka University, Institute of Social and Economic Research (ISER)
- (wo)
-
Osaka
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Mukherji, Anjan
- Osaka University, Institute of Social and Economic Research (ISER)
Entstanden
- 2003
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