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A globally and universally stable quantity adjustment process for an exchange economy with price rigidities

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  • Herings, P.J.J.

    (Tilburg University, Center For Economic Research)

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  • Herings, P.J.J., 1994. "A globally and universally stable quantity adjustment process for an exchange economy with price rigidities," Discussion Paper 1994-111, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:6f90d995-9065-4ad8-bd04-20a3ea1009f4
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    1. Day, Richard H. & Pianigiani, Giulio, 1991. "Statistical dynamics and economics," Journal of Economic Behavior & Organization, Elsevier, vol. 16(1-2), pages 37-83, July.
    2. van der Laan, Gerard, 1980. "Equilibrium under Rigid Prices with Compensation for the consumers," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 63-73, February.
    3. 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.
    4. Doup, T.M. & Talman, A.J.J., 1987. "A new simplicial variable dimension algorithm to find equilibria on the product space of unit simplices," Other publications TiSEM 398740e7-fdc2-41b6-968f-4, Tilburg University, School of Economics and Management.
    5. 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.
    6. Madden, Paul, 1983. "Keynesian unemployment as a nash equilibrium with endogenous wage/price setting : An example," Economics Letters, Elsevier, vol. 12(2), pages 109-114.
    7. Blad, Michael C., 1978. "On the speed of adjustment in the classical tatonnement process: A limit result," Journal of Economic Theory, Elsevier, vol. 19(1), pages 186-191, October.
    8. Day, Richard H. & Pianigiani, Giulio, 1991. "Statistical Dynamics and Economics," Working Paper Series 293, Research Institute of Industrial Economics.
    9. Van Der Laan, G. & Talman, A. J. J., 1987. "A convergent price adjustment process," Economics Letters, Elsevier, vol. 23(2), pages 119-123.
    10. G. Laroque, 1981. "A Comment on "Stable Spillovers among Substitutes"," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 48(2), pages 355-361.
    11. Silvestre, Joaquim, 1988. "Undominated prices in the three good model," European Economic Review, Elsevier, vol. 32(1), pages 161-178, January.
    12. E. C. H. Veendorp, 1975. "Stable Spillovers among Substitutes," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(3), pages 445-456.
    13. Laroque, Guy & Polemarchakis, Heraklis, 1978. "On the structure of the set of fixed price equilibria," Journal of Mathematical Economics, Elsevier, vol. 5(1), pages 53-69, March.
    14. Herings, P.J.J., 1992. "On the structure of constrained equilibria," Other publications TiSEM 4c64f078-57cf-43ea-aee2-f, Tilburg University, School of Economics and Management.
    15. Kamiya, Kazuya, 1990. "A Globally Stable Price Adjustment Process," Econometrica, Econometric Society, vol. 58(6), pages 1481-1485, November.
    16. Debreu, Gerard, 1974. "Excess demand functions," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 15-21, March.
    17. Saari, Donald G & Simon, Carl P, 1978. "Effective Price Mechanisms," Econometrica, Econometric Society, vol. 46(5), pages 1097-1125, September.
    18. Nguyen, Trien T & Whalley, John, 1990. "General Equilibrium Analysis of Price Controls: A Computational Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 31(3), pages 667-684, August.
    19. Nguyen, Trien T. & Whalley, John, 1986. "Equilibrium under price controls with endogenous transactions costs," Journal of Economic Theory, Elsevier, vol. 39(2), pages 290-300, August.
    20. Y. Younes, 1975. "On the Role of Money in the Process of Exchange and the Existence of a Non-Walrasian Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(4), pages 489-501.
    21. Saari, Donald G, 1985. "Iterative Price Mechanisms," Econometrica, Econometric Society, vol. 53(5), pages 1117-1131, September.
    22. Claus Weddepohl & Mehmet Yildirim, 1993. "Fixed price equilibria in an overlapping generations model with investment," Journal of Economics, Springer, vol. 57(1), pages 37-68, February.
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    Cited by:

    1. Herings, P. Jean-Jacques & van der Laan, Gerard & Venniker, Richard, 1996. "The Transition from a Drèze Equilibrium to a Walrasian Equilibrium," LIDAM Discussion Papers IRES 1996013, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    2. Herings, Jean-Jacques & van der Laan, Gerard & Venniker, Richard, 1998. "The transition from a Dreze equilibrium to a Walrasian equilibrium1," Journal of Mathematical Economics, Elsevier, vol. 29(3), pages 303-330, April.

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