IDEAS home Printed from https://ideas.repec.org/p/tiu/tiucen/8bd2cdfe-1214-4aca-a13a-a77b4d00b124.html
   My bibliography  Save this paper

A globally convergent price adjustment process for exchange economies

Author

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

    (Tilburg University, Center For Economic Research)

Abstract

No abstract is available for this item.

Suggested Citation

  • Joosten, R.A.M.G. & Talman, A.J.J., 1995. "A globally convergent price adjustment process for exchange economies," Discussion Paper 1995-94, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:8bd2cdfe-1214-4aca-a13a-a77b4d00b124
    as

    Download full text from publisher

    File URL: https://pure.uvt.nl/ws/portalfiles/portal/1154060/RJDT5617195.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Herings, P.J.J., 1995. "Static and dynamic aspects of general disequilibrium theory," Other publications TiSEM 489c698d-c257-47a3-90bd-3, Tilburg University, School of Economics and Management.
    2. 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.
    3. 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.
    4. Talman, A.J.J. & van der Laan, G. & Van der Heyden, L., 1987. "Variable dimension algorithms for solving the nonlinear complementarity problem on a product of unit simplices using general labelling," Other publications TiSEM fbe9ae2f-e01d-4eef-944c-6, Tilburg University, School of Economics and Management.
    5. Van Der Laan, G. & Talman, A. J. J., 1987. "A convergent price adjustment process," Economics Letters, Elsevier, vol. 23(2), pages 119-123.
    6. 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.
    7. Sonnenschein, Hugo, 1972. "Market Excess Demand Functions," Econometrica, Econometric Society, vol. 40(3), pages 549-563, May.
    8. Mantel, Rolf R., 1974. "On the characterization of aggregate excess demand," Journal of Economic Theory, Elsevier, vol. 7(3), pages 348-353, March.
    9. 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," Other publications TiSEM 14c12c0d-571f-4357-a880-f, Tilburg University, School of Economics and Management.
    10. 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.
    11. G. van der Laan & A. J. J. Talman & L. van der Heyden, 1987. "Simplicial Variable Dimension Algorithms for Solving the Nonlinear Complementarity Problem on a Product of Unit Simplices Using a General Labelling," Mathematics of Operations Research, INFORMS, vol. 12(3), pages 377-397, August.
    12. Kamiya, Kazuya, 1990. "A Globally Stable Price Adjustment Process," Econometrica, Econometric Society, vol. 58(6), pages 1481-1485, November.
    13. Debreu, Gerard, 1974. "Excess demand functions," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 15-21, March.
    14. Keenan, Donald, 1981. "Further remarks on the Global Newton method," Journal of Mathematical Economics, Elsevier, vol. 8(2), pages 159-165, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yuval Rabani & Leonard J. Schulman, 2016. "The Invisible Hand of Laplace: the Role of Market Structure in Price Convergence and Oscillation," Papers 1602.07628, arXiv.org.
    2. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875, January.
    3. Cheung, Yun Kuen & Cole, Richard & Devanur, Nikhil R., 2020. "Tatonnement beyond gross substitutes? Gradient descent to the rescue," Games and Economic Behavior, Elsevier, vol. 123(C), pages 295-326.
    4. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.
    5. Rabani, Yuval & Schulman, Leonard J., 2021. "The invisible hand of Laplace: The role of market structure in price convergence and oscillation," Journal of Mathematical Economics, Elsevier, vol. 95(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Herings,P. Jean-Jacques, 2000. "Universally Stable Adjustment Processes - A Unifying Approach -," Research Memorandum 006, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    2. Jean-Jacques Herings, P., 2002. "Universally converging adjustment processes--a unifying approach," Journal of Mathematical Economics, Elsevier, vol. 38(3), pages 341-370, November.
    3. Joosten, Reinoud, 1995. "Evolution, dynamics, and fixed points," Research Memorandum 005, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    4. 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.
    5. Arkit, Aleksandra, 2003. "Globally stable price dynamics," Journal of Mathematical Economics, Elsevier, vol. 39(1-2), pages 27-38, February.
    6. Aad Ruiter, 2020. "Approximating Walrasian Equilibria," Computational Economics, Springer;Society for Computational Economics, vol. 55(2), pages 577-596, February.
    7. Rabani, Yuval & Schulman, Leonard J., 2021. "The invisible hand of Laplace: The role of market structure in price convergence and oscillation," Journal of Mathematical Economics, Elsevier, vol. 95(C).
    8. Anjan Mukherji, 2012. "The second fundamental theorem of positive economics," International Journal of Economic Theory, The International Society for Economic Theory, vol. 8(2), pages 125-138, June.
    9. Herings, P.J.J., 1994. "A globally and universally stable quantity adjustment process for an exchange economy with price rigidities," Other publications TiSEM 6f90d995-9065-4ad8-bd04-2, Tilburg University, School of Economics and Management.
    10. Herings, P.J.J. & van der Laan, G. & Talman, A.J.J., 1998. "Price-Quantity Adjustment in a Keynesian Economy," Other publications TiSEM 871fc27e-6a78-4289-bb9c-f, Tilburg University, School of Economics and Management.
    11. Yuval Rabani & Leonard J. Schulman, 2016. "The Invisible Hand of Laplace: the Role of Market Structure in Price Convergence and Oscillation," Papers 1602.07628, arXiv.org.
    12. Jugal Garg & Ruta Mehta & Vijay V. Vaziranic, 2018. "Substitution with Satiation: A New Class of Utility Functions and a Complementary Pivot Algorithm," Mathematics of Operations Research, INFORMS, vol. 43(3), pages 996-1024, August.
    13. Charalambos Aliprantis & Kim Border & Owen Burkinshaw, 1996. "Market economies with many commodities," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 19(1), pages 113-185, March.
    14. David Colander, 2018. "How Economists Got It Wrong: A Nuanced Account," Chapters, in: How Economics Should Be Done, chapter 12, pages 163-189, Edward Elgar Publishing.
    15. 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.
    16. Denizalp Goktas & Jiayi Zhao & Amy Greenwald, 2023. "T\^atonnement in Homothetic Fisher Markets," Papers 2306.04890, arXiv.org.
    17. Frank Ackerman, 2001. "Still dead after all these years: interpreting the failure of general equilibrium theory," Journal of Economic Methodology, Taylor & Francis Journals, vol. 9(2), pages 119-139.
    18. Herings, P.J.J., 2024. "Globally and Universally Convergent Price Adjustment Processes," Discussion Paper 2024-001, Tilburg University, Center for Economic Research.
    19. Reiter, Stanley & Maroulis, Spiro, 2008. "Stable processes of exchange," Journal of Mathematical Economics, Elsevier, vol. 44(12), pages 1398-1412, December.
    20. Roberto Cazzolla Gatti & Roger Koppl & Brian D. Fath & Stuart Kauffman & Wim Hordijk & Robert E. Ulanowicz, 2020. "On the emergence of ecological and economic niches," Journal of Bioeconomics, Springer, vol. 22(2), pages 99-127, July.

    More about this item

    Keywords

    Pricing; market economy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tiu:tiucen:8bd2cdfe-1214-4aca-a13a-a77b4d00b124. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richard Broekman (email available below). General contact details of provider: http://center.uvt.nl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.