Variations on the theme of Scarf's counter-example

DOI10.1023/B:CSEM.0000038839.98836.5CMaRDI QIDQ1768377zbMATH OpenFDO

Authors Alok Kumar, Martin Shubik

Publication date 15 March 2005

Published in Computational Economics (Search for Journal in Brave)

zbMATH Keywords

stabilityfeedback controllerprice adjustment mechanismmultiple competitive equilibria

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54)

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Cited in

(12)

• A tâtonnement process with fading memory, stabilization and optimal speed of convergence
• Asymptotic stability of a general equilibrium under perfect and monopolistic competition
• Decentralized pricing and the equivalence between Nash and Walrasian equilibrium
• An N-dimensional version of Scarf's example
• Three minimal market institutions with human and algorithmic agents: theory and experimental evidence
• A top dog tale with preference complementarities
• A trade algorithm for multi-region models subject to spillover externalities
• Learning competitive equilibrium
• Stochastic stability in the Scarf economy
• Price stickiness and markup variations in market games
• Comparative advantage with many goods: new treatment and results
• scientific article; zbMATH DE number 5066165 (Why is no real title available?)

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