森岛系统与全局稳定性

Morishima Systems and Global Stability

International Economic Review · 1990
被引 6
人大 AABS 4

中文导读

证明,若超额需求的雅可比矩阵在所有价格下都呈现森岛型符号模式,则标准化拍卖过程从几乎任何初始价格出发都能保证系统稳定。

Abstract

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.

Morishima系统全局稳定性超额需求雅可比矩阵规范价格调整过程