A globally convergent price adjustment process for exchange economies

DOI10.1016/S0304-4068(97)00002-5zbMath0901.90028WikidataQ120380037 ScholiaQ120380037MaRDI QIDQ1381019

Reinoud Joosten, Adolphus J. J. Talman

Publication date: 11 March 1998

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

zbMATH Keywords

exchange economyprice adjustment process

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50)

Related Items (3)

Tatonnement beyond gross substitutes? Gradient descent to the rescue ⋮ The invisible hand of Laplace: the role of market structure in price convergence and oscillation ⋮ Universally converging adjustment processes -- a unifying approach.

Cites Work

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• Excess demand functions
• On the Stability of the Competitive Equilibrium, I
• On the Stability of the Competitive Equilibrium, II
• Some Examples of Global Instability of the Competitive Equilibrium
• The Stability of Dynamic Processes
• A Globally Stable Price Adjustment Process
• The Approximation of Fixed Points of a Continuous Mapping
• Market Excess Demand Functions

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