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- W1995789797 abstract "Abstract It is known that the price mechanism whereby the rate of change of a price is proportional to the excess demand of the corresponding commodity need not converge to a competitive equilibrium for a pure exchange economy with more than two commodities. In this paper, conditions for the excess demand, guaranteeing the existence of some price adjustment process, which is globally asymptotically stable and fulfils reasonable compatibility condition with the excess demand, are given." @default.
- W1995789797 created "2016-06-24" @default.
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- W1995789797 date "2003-02-01" @default.
- W1995789797 modified "2023-09-24" @default.
- W1995789797 title "Globally stable price dynamics" @default.
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- W1995789797 doi "https://doi.org/10.1016/s0304-4068(02)00081-2" @default.
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