Exchange processes with price adjustment

DOI10.1016/0304-4068(76)90009-4zbMATH Open0366.90013OpenAlexW2044446157MaRDI QIDQ1242073FDOQ1242073

Authors: Stephen Smale 

Publication date: 1976

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

Full work available at URL: https://doi.org/10.1016/0304-4068(76)90009-4

Mathematics Subject Classification ID

Trade models (91B60)

Cites Work

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• A convergent process of price adjustment and global Newton methods
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• Smooth Preferences
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• On the Stability of a Pure Exchange Equiliblium
• On the Stability of Edgeworth's Barter Process
• Characterization of optima in smooth Pareto economic systems
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• The Stability of Exchange Equilibrium: An Alternative Approach
• On Price Adjustment Without an Auctioneer

Cited In (23)

• On economic equilibrium type problems with applications
• Steepest descent methods for critical points in vector optimization problems
• Continuous adjustments and Smale's non-tâtonnement processes
• Adjustment of an affine contract with a fixed-point iteration
• Economic equilibrium problems in reflexive Banach spaces
• Stability of critical points for vector valued functions and Pareto efficiency
• Nominal uniqueness and money non-neutrality in the limit-price exchange process
• On disequilibrium adjustment processes
• Separating the hawks from the doves: evidence from continuous time laboratory games
• The current non-status of general equilibrium theory
• The Homotopy Continuation Method: Numerically Implementable Topological Procedures
• The invisible hand of Laplace: the role of market structure in price convergence and oscillation
• Accessibility of Pareto optima
• Stable processes of exchange
• Intersecting families of sets and the topology of cones in economics
• Accessibility of Pareto optima by Walrasian exchange processes
• Discrete Walrasian exchange process
• Money, barter, and convergence to the competitive allocation: Menger's problem
• Derivational robustness, credible substitute systems and mathematical economic models: the case of stability analysis in Walrasian general equilibrium theory
• Heavy viable trajectories of controlled systems
• Analysis of a dynamic, decentralized exchange economy
• Money-mediated disequilibrium processes in a pure exchange economy
• Monotone evolution of resource allocations

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