Kaizoji, Taisei (2010): Multiple equilibria and chaos in a discrete tâtonnement process. Published in: Journal of Economic Behavior and Organization , Vol. 76, (1 September 2010): pp. 597599.
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Abstract
The purpose of this note is to demonstrate a sufficient condition for a discrete tâtonnement process to lead to chaos in a general equilibrium model with multiple commodities. The result indicates that as the speed of price adjustment increases, the discrete tâtonnement process is complex in a general equilibrium economy in which there are multiple equilibria.
Item Type:  MPRA Paper 

Original Title:  Multiple equilibria and chaos in a discrete tâtonnement process 
Language:  English 
Keywords:  Multiple equilibria, Tâtonnement process; Nonlinear dynamics; Chaos 
Subjects:  B  History of Economic Thought, Methodology, and Heterodox Approaches > B2  History of Economic Thought since 1925 > B21  Microeconomics E  Macroeconomics and Monetary Economics > E3  Prices, Business Fluctuations, and Cycles > E32  Business Fluctuations ; Cycles C  Mathematical and Quantitative Methods > C0  General > C02  Mathematical Methods C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62  Existence and Stability Conditions of Equilibrium 
Item ID:  40795 
Depositing User:  Taisei KAIZOJI 
Date Deposited:  22 Aug 2012 14:04 
Last Modified:  26 Jan 2016 21:56 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/40795 
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Multiple equilibria and chaos in a discrete tâtonnement process. (deposited 20 Jul 2010 13:39)
 Multiple equilibria and chaos in a discrete tâtonnement process. (deposited 22 Aug 2012 14:04) [Currently Displayed]