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A globally convergent price adjustment process for exchange economies


  • Joosten, Reinoud
  • Talman, Dolf


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  • Joosten, Reinoud & Talman, Dolf, 1998. "A globally convergent price adjustment process for exchange economies," Journal of Mathematical Economics, Elsevier, vol. 29(1), pages 15-26, January.
  • Handle: RePEc:eee:mateco:v:29:y:1998:i:1:p:15-26

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    References listed on IDEAS

    1. Mantel, Rolf R., 1974. "On the characterization of aggregate excess demand," Journal of Economic Theory, Elsevier, vol. 7(3), pages 348-353, March.
    2. 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 FEW 608, Tilburg University, School of Economics and Management.
    3. 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.
    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. 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.
    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. Van Der Laan, G. & Talman, A. J. J., 1987. "A convergent price adjustment process," Economics Letters, Elsevier, vol. 23(2), pages 119-123.
    8. Kamiya, Kazuya, 1990. "A Globally Stable Price Adjustment Process," Econometrica, Econometric Society, vol. 58(6), pages 1481-1485, November.
    9. Debreu, Gerard, 1974. "Excess demand functions," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 15-21, March.
    10. 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.
    11. Sonnenschein, Hugo, 1972. "Market Excess Demand Functions," Econometrica, Econometric Society, vol. 40(3), pages 549-563, May.
    12. Keenan, Donald, 1981. "Further remarks on the Global Newton method," Journal of Mathematical Economics, Elsevier, vol. 8(2), pages 159-165, July.
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    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,

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