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Global stability condition on the plane: A general law of demand

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  • Mukherji, Anjan

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 134 (2007)
Issue (Month): 1 (May)
Pages: 583-592

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Handle: RePEc:eee:jetheo:v:134:y:2007:i:1:p:583-592

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Web page: http://www.elsevier.com/locate/inca/622869

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References

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  1. Anderson, Christopher M. & Plott, Charles R. & Shimomura, K.-I.Ken-Ichi & Granat, Sander, 2004. "Global instability in experimental general equilibrium: the Scarf example," Journal of Economic Theory, Elsevier, vol. 115(2), pages 209-249, April.
  2. Hirota, Masayoshi, 1981. "On the Stability of Competitive Equilibrium and the Patterns of Initial Holdings: An Example," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 22(2), pages 461-67, June.
  3. Sonnenschein, Hugo, 1972. "Market Excess Demand Functions," Econometrica, Econometric Society, vol. 40(3), pages 549-63, May.
  4. Mukherji, Anjan, 2002. "An Introduction to General Equilibrium Analysis: Walrasian and Non-Walrasian Equilibria," OUP Catalogue, Oxford University Press, number 9780195659078, September.
  5. Kennan, Donald & Rader, Trout, 1985. "Market Dynamics and the Law of Demand," Econometrica, Econometric Society, vol. 53(2), pages 465-71, March.
  6. Smale, Steve, 1976. "A convergent process of price adjustment and global newton methods," Journal of Mathematical Economics, Elsevier, vol. 3(2), pages 107-120, July.
  7. Hirota, Masayoshi, 1985. "Global stability in a class of markets with three commodities and three consumers," Journal of Economic Theory, Elsevier, vol. 36(1), pages 186-192, June.
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Cited by:
  1. Junichi Minagawa, 2012. "On the instability of competitive equilibrium: a further example," Economics Bulletin, AccessEcon, vol. 32(1), pages 80-85.
  2. Minagawa, Junichi, 2008. "A note on the global stability condition of price adjustment processes on the plane," Journal of Economic Theory, Elsevier, vol. 138(1), pages 308-310, January.

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