A pitchfork bifurcation in the tatonnement process

DOI10.1007/S001990050171zbMATH Open0892.90030OpenAlexW1986199179MaRDI QIDQ1374891FDOQ1374891

Authors: Venkatesh Bala 

Publication date: 18 December 1997

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

Full work available at URL: https://doi.org/10.1007/s001990050171

Recommendations

• scientific article; zbMATH DE number 3980853
• Sudden transition from equilibrium stability to chaotic dynamics in a cautious tâtonnement model
• Stability of tâtonnement processes of short period equilibria with rational expectations
• A discrete and symmetric price adjustment process on the simplex
• scientific article; zbMATH DE number 1225290

zbMATH Keywords

pitchfork bifurcationcontinuous time tatonnement processunique, globally stable competitive equilibrium

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Cited In (4)

• On the equivalence between the overlapping-generations model and cyclical general-equilibrium models
• Growth dynamics and returns to scale: Bifurcation analysis
• An \(N\)-dimensional version of Scarf's example
• Trade elasticity of substitution and equilibrium dynamics

This page was built for publication: A pitchfork bifurcation in the tatonnement process

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1374891)