Path stability of prices in a nonlinear Leontief model (Q684764)
From MaRDI portal
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Path stability of prices in a nonlinear Leontief model |
scientific article |
Statements
Path stability of prices in a nonlinear Leontief model (English)
0 references
6 October 1993
0 references
Price dynamics in a discrete nonlinear Leontief growth model is considered. Under some classical assumptions the author shows that any two price paths in such a model finally approach each other. In other words, a path -- when distorted -- comes back to its original form within a period. Under stronger assumptions the convergence to a single price vector is proved.
0 references
price path stability
0 references
turnpike properties
0 references
convergence of paths
0 references
discrete nonlinear Leontief growth model
0 references