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Dynamics of fixprice models

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  • Eric Kades

Abstract

An examination of the dynamics of a class of disequilibrium models developed in earlier Working Paper 8504, using both graphics and analysis to show that non-Walrasian equilibria can be steady states for disequilibrium models.

Suggested Citation

  • Eric Kades, 1985. "Dynamics of fixprice models," Working Papers (Old Series) 8505, Federal Reserve Bank of Cleveland.
  • Handle: RePEc:fip:fedcwp:8505
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    Keywords

    Equilibrium (Economics); Business cycles;

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