On Price Adjustment Without an Auctioneer

DOI10.2307/2296439MaRDI QIDQ5639488zbMATH OpenOpenAlexFDO

Authors Franklin M. Fisher

Publication date 1972

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2296439

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Microeconomic theory (price theory and economic markets) (91B24)

Cited in

(5)

• Distributed price adjustment based on convex analysis
• The current non-status of general equilibrium theory
• Exchange processes with price adjustment
• Money-mediated disequilibrium processes in a pure exchange economy
• Tatonnement beyond gross substitutes? Gradient descent to the rescue

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