Let it be: chaotic price instability can be beneficial

DOI10.1016/S0960-0779(03)00005-5zbMath1069.37071MaRDI QIDQ1433765

Akito Matsumoto

Publication date: 1 July 2004

Published in: Chaos, Solitons and Fractals (Search for Journal in Brave)

Mathematics Subject Classification ID

General equilibrium theory (91B50) Dynamical systems in optimization and economics (37N40) Special types of economic markets (including Cournot, Bertrand) (91B54)

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Cites Work

• On the indeterminacy of capital accumulation paths
• A simple example of complex dynamics.
• A discrete and symmetric price adjustment process on the simplex
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