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Global stability condition on the plane: A general law of demand

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  • Mukherji, Anjan

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  • Mukherji, Anjan, 2007. "Global stability condition on the plane: A general law of demand," Journal of Economic Theory, Elsevier, vol. 134(1), pages 583-592, May.
    • Handle: RePEc:eee:jetheo:v:134:y:2007:i:1:p:583-592
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    1. Anderson, Christopher M. & Plott, Charles R. & Shimomura, K.-I.Ken-Ichi & Granat, Sander, 2004. "Global instability in experimental general equilibrium: the Scarf example," Journal of Economic Theory, Elsevier, vol. 115(2), pages 209-249, April.
    2. Hirota, Masayoshi, 1981. "On the Stability of Competitive Equilibrium and the Patterns of Initial Holdings: An Example," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 22(2), pages 461-467, June.
    3. Sonnenschein, Hugo, 1972. "Market Excess Demand Functions," Econometrica, Econometric Society, vol. 40(3), pages 549-563, May.
    4. Mukherji, Anjan, 2002. "An Introduction to General Equilibrium Analysis: Walrasian and Non-Walrasian Equilibria," OUP Catalogue, Oxford University Press, number 9780195659078.
    5. Kennan, Donald & Rader, Trout, 1985. "Market Dynamics and the Law of Demand," Econometrica, Econometric Society, vol. 53(2), pages 465-471, March.
    6. Smale, Steve, 1976. "A convergent process of price adjustment and global newton methods," Journal of Mathematical Economics, Elsevier, vol. 3(2), pages 107-120, July.
    7. Hirota, Masayoshi, 1985. "Global stability in a class of markets with three commodities and three consumers," Journal of Economic Theory, Elsevier, vol. 36(1), pages 186-192, June.
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    Cited by:

    1. Minagawa, Junichi, 2008. "A note on the global stability condition of price adjustment processes on the plane," Journal of Economic Theory, Elsevier, vol. 138(1), pages 308-310, January.
    2. Emiko Fukuda & Shuhei Sato & Junyi Shen & Ken-Ichi Shimomura & Takehiko Yamato, 2020. "Walrasian Dynamics with Endowment Changes: The Gale Example in a Laboratory Market Experiment," Discussion Paper Series DP2020-20, Research Institute for Economics & Business Administration, Kobe University, revised Apr 2021.
    3. Junichi Minagawa, 2012. "On the instability of competitive equilibrium: a further example," Economics Bulletin, AccessEcon, vol. 32(1), pages 80-85.
    4. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875, August.
    5. Emanuela Randon & Peter Simmons, 2017. "A top dog tale with preference complementarities," Journal of Economics, Springer, vol. 120(1), pages 47-63, January.
    6. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.

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