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A globally convergent price adjustment process for exchange economies

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  • Joosten, R.A.M.G.
  • Talman, A.J.J.

    (Tilburg University, Center for Economic Research)

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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 1995-94.

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Date of creation: 1995
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Handle: RePEc:dgr:kubcen:199594

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Web page: http://center.uvt.nl

Related research

Keywords: Pricing; market economy;

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References

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  1. Talman, A.J.J. & Laan, G. van der & Van der Heyden, L., 1987. "Variable dimension algorithms for solving the nonlinear complementarity problem on a product of unit simplices using general labelling," Open Access publications from Tilburg University urn:nbn:nl:ui:12-153106, Tilburg University.
  2. Sonnenschein, Hugo, 1972. "Market Excess Demand Functions," Econometrica, Econometric Society, vol. 40(3), pages 549-63, May.
  3. Saari, Donald G & Simon, Carl P, 1978. "Effective Price Mechanisms," Econometrica, Econometric Society, vol. 46(5), pages 1097-1125, September.
  4. Herbert E. Scarf, 1967. "The Approximation of Fixed Points of a Continuous Mapping," Cowles Foundation Discussion Papers 216R, Cowles Foundation for Research in Economics, Yale University.
  5. Debreu, Gerard, 1974. "Excess demand functions," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 15-21, 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. Talman, A.J.J. & Doup, T.M. & Laan , G. van der, 1987. "The (2**(n+1)-2)-ray algorithm: A new simplicial algorithm to compute economic equilibria," Open Access publications from Tilburg University urn:nbn:nl:ui:12-153107, Tilburg University.
  8. Keenan, Donald, 1981. "Further remarks on the Global Newton method," Journal of Mathematical Economics, Elsevier, vol. 8(2), pages 159-165, July.
  9. Talman, A.J.J. & Laan, G. van der, 1979. "A restart algorithm for computing fixed points without an extra dimension," Open Access publications from Tilburg University urn:nbn:nl:ui:12-153012, Tilburg University.
  10. Mantel, Rolf R., 1974. "On the characterization of aggregate excess demand," Journal of Economic Theory, Elsevier, vol. 7(3), pages 348-353, March.
  11. Kamiya, Kazuya, 1990. "A Globally Stable Price Adjustment Process," Econometrica, Econometric Society, vol. 58(6), pages 1481-85, November.
  12. Joosten, R.A.M.G. & Talman, A.J.J., 1993. "A simplicial variable dimension restart algorithm to find economic equilibria on the unit simplex using n(n+1) rays," Research Memorandum 608, Tilburg University, Faculty of Economics and Business Administration.
  13. Doup, T.M. & Talman, A.J.J., 1987. "A new simplicial variable dimension algorithm to find equilibria on the product space of unit simplices," Open Access publications from Tilburg University urn:nbn:nl:ui:12-148734, Tilburg University.
  14. Jean-Jacques Herings, P., 1997. "A globally and universally stable price adjustment process," Journal of Mathematical Economics, Elsevier, vol. 27(2), pages 163-193, March.
  15. Laan, G. van der & Talman, A.J.J., 1987. "A convergent price adjustment process," Open Access publications from Tilburg University urn:nbn:nl:ui:12-154936, Tilburg University.
  16. Laan, G. van der & Talman, A.J.J., 1985. "Adjustment processes for finding economic equilibria," Research Memorandum 174, Tilburg University, Faculty of Economics and Business Administration.
  17. Sonnenschein, Hugo, 1973. "Do Walras' identity and continuity characterize the class of community excess demand functions?," Journal of Economic Theory, Elsevier, vol. 6(4), pages 345-354, August.
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