Morishima Systems and Global Stability
In this paper, it is shown that a Morishima-type sign pattern on the Jacobian of excess demand, holding for all prices, assures system stability with respect to the normalized tatonnement process, starting from almost any price. Copyright 1990 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
Volume (Year): 31 (1990)
Issue (Month): 1 (February)
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