Chaotic tatonnement

DOI10.1007/BF01212469zbMath0808.90033OpenAlexW4230739627MaRDI QIDQ1338093

Venkatesh Bala, Mukul K. Majumdar

Publication date: 27 November 1994

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf01212469

zbMATH Keywords

excess demand functionsdiscrete-time tatonnementergodic and topological chaos

Mathematics Subject Classification ID

Economic growth models (91B62) Strange attractors, chaotic dynamics of systems with hyperbolic behavior (37D45)

Related Items (13)

Corrigendum to: Chaotic tatonnement ⋮ Chaotic dynamical systems: An introduction ⋮ Market clearing and price formation ⋮ Equilibrium and optimality: some imprints of David Gale ⋮ Auction Design for the Efficient Allocation of Service Capacity Under Congestion ⋮ ``Cap and trade for congestion control ⋮ A price adjustment process with symmetry ⋮ A discrete and symmetric price adjustment process on the simplex ⋮ A tâtonnement process with fading memory, stabilization and optimal speed of convergence ⋮ A robust rational route to randomness in a simple asset pricing model ⋮ Stability in distribution of randomly perturbed quadratic maps as Markov processes ⋮ Convergence of iterative tâtonnement without price normalization ⋮ An Economy Can Have a Lorenz-Type Chaotic Attractor

Cites Work

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• Absolutely continuous invariant measures for one-parameter families of one-dimensional maps
• Regular and stochastic motion
• Excess demand functions
• On the Stability of the Competitive Equilibrium, I
• Some Examples of Global Instability of the Competitive Equilibrium
• Iterative Price Mechanisms
• Period Three Implies Chaos
• Periodic points and chaotic functions in the unit interval

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