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Consumer Behavior: The Dynamics of Consumer Reactionby Lincoln H. Clark

โœ Scribed by Review by: Joseph S. Davis


Book ID
123665124
Publisher
American Economic Association
Year
1955
Tongue
English
Weight
160 KB
Volume
45
Category
Article
ISSN
0002-8282

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The asymptotic behavior of dynamic produ
โœ F. Szidarovszky; C. Chiarella ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 1007 KB

Dynamic Arrow-type price dynamics are investigated in a continuous time framework. The existence of a unique equilibrium is first proved under realistic conditions. Then, the local asymptotic stability of the equilibrium in the presence of instantaneous price and output information is shown. Continu