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.
- Language
-
Englisch
- Bibliographic citation
-
Series: ISER Discussion Paper ; No. 589
- Classification
-
Wirtschaft
Existence and Stability Conditions of Equilibrium
Optimization Techniques; Programming Models; Dynamic Analysis
General Equilibrium and Disequilibrium: General
- Subject
-
global stability conditions
dynamics on the plane
excess demand functions
Dulac's Criterion
Gleichgewichtsstabilität
Marktmechanismus
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Mukherji, Anjan
- Event
-
Veröffentlichung
- (who)
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Osaka University, Institute of Social and Economic Research (ISER)
- (where)
-
Osaka
- (when)
-
2003
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Mukherji, Anjan
- Osaka University, Institute of Social and Economic Research (ISER)
Time of origin
- 2003
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