A note on the global stability condition of price adjustment processes on the plane

• 成果类型: Article
• 署名作者: Minagawa, Junichi
• 署名单位: Chuo University
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2007.05.001
• 发表日期: 2008
• 页码: 308-310
• 关键词: law of demand; global stability conditions; Tatonnement; planar systems; Dulac's criterion

摘要

In Mukherji [Global stability condition on the plane: a general law of demand, J. Econ. Theory 134 (2007) 583-592], a set of sufficient conditions for global stability of price adjustment processes on the plane is identified. The aim of this note is to point out that one of the conditions can be dropped. (C) 2007 Elsevier Inc. All rights reserved.