A discrete and symmetric price adjustment process on the simplex

DOI10.1016/S0165-1889(99)00029-9MaRDI QIDQ1978594zbMATH OpenOpenAlexFDO

Authors Jan Tuinstra

Publication date 4 June 2000

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1889(99)00029-9

zbMATH Keywords

[https://portal.mardi4nfdi.de/w/index.php?title=+Special%3ASearch&search=t%EF%BF%BD%EF%BF%BDtonnement+process&go=Go t��tonnement process]bifurcation routes to chaossymmetric equilibrium price

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• scientific article; zbMATH DE number 3487161 (Why is no real title available?)
• A Rational Route to Randomness
• Chaotic tatonnement
• Elements of applied bifurcation theory
• Iterative Price Mechanisms
• Market Dynamics and the Law of Demand
• Nonlinear oscillations, dynamical systems, and bifurcations of vector fields
• On the equivalence between the overlapping-generations model and cyclical general-equilibrium models
• Price dynamics in equilibrium models
• Singularities and groups in bifurcation theory. Volume II
• Some Examples of Global Instability of the Competitive Equilibrium
• Symmetry-increasing bifurcation of chaotic attractors

Cited in

(11)

• Conditions for cooperation and trading in value-cost dynamic games
• A price adjustment process with symmetry
• Let it be: chaotic price instability can be beneficial
• A Double-Track Adjustment Process for Discrete Markets With Substitutes and Complements
• Chaotic behaviour in a tatonnement process for a simple general equilibrium model of a pure exchange economy
• Evolutionary competition between adjustment processes in Cournot oligopoly: instability and complex dynamics
• A PRICE ADJUSTMENT PROCESS IN A MODEL OF MONOPOLISTIC COMPETITION
• Convergence of iterative tâtonnement without price normalization
• A robust rational route to randomness in a simple asset pricing model
• On controlling chaos in a discrete-time Walrasian tâtonnement process
• An economy can have a Lorenz-type chaotic attractor

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Uses Software

• LOCBIF

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