Equilibrium adjustment of disequilibrium prices

DOI10.1016/0304-4068(95)00761-XMaRDI QIDQ1361906zbMATH OpenOpenAlexFDO

Authors Gerard van der Laan, P. Jean-Jacques Herings, Dolf Talman, R. J. G. Venniker

Publication date 28 July 1997

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0304-4068(95)00761-x, https://research.tilburguniversity.edu/en/publications/22550f27-0bed-4dff-a9de-e39d34cf327e

zbMATH Keywords

adjustment processDrèze equilibriumexchange economyprice rigiditiessimplicial algorithmWalrasian equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50)

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Cites work

• A Comment on "Stable Spillovers among Substitutes"
• A convergent price adjustment process
• A convergent process of price adjustment and global Newton methods
• A Globally Stable Price Adjustment Process
• Equilibrium Points of Bimatrix Games
• Existence of an Exchange Equilibrium under Price Rigidities
• scientific article; zbMATH DE number 3479762 (Why is no real title available?)
• scientific article; zbMATH DE number 3487169 (Why is no real title available?)
• scientific article; zbMATH DE number 509195 (Why is no real title available?)
• Intersection theorems with a continuum of intersection points
• Iterative Price Mechanisms
• Rationing, Queues, and Black Markets
• Simplicial approximation of unemployment equilibria
• Simplizialzerlegungen von beschränkter Flachheit
• Some Examples of Global Instability of the Competitive Equilibrium
• Stable Spillovers among Substitutes

Cited in

(14)

• The transition from a Drèze equilibrium to a Walrasian equilibrium
• A price adjustment process in a rationed economy
• Adjustment costs and price and quantity adjustment
• Stable disequilibrium prices
• Universally converging adjustment processes -- a unifying approach.
• Fixed prices versus predetermined prices and the equilibrium probability of price adjustment
• Price dynamics in an exchange economy
• Frequency of Price Adjustment and Pass-Through^*
• Threshold Adjustment of Deviations from the Law of One Price
• scientific article; zbMATH DE number 1552536 (Why is no real title available?)
• scientific article; zbMATH DE number 2096846 (Why is no real title available?)
• Equilibrium Price Distributions
• Globally and universally convergent price adjustment processes
• An adjustment process for nonconvex production economies

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