What does it mean that the Walrasian equilibrium price vector in the dynamic Arrow- Debreu-McKenzie model, in
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What does it mean that the Walrasian equilibrium price vector in the dynamic Arrow- Debreu-McKenzie model, in the discrete-time or continuous-time version, is asymptotically globally stable?
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In economic theory the ArrowDebreuMcKenzie model is a type of general equilibrium model that describ...View the full answer
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Related Book For 
Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics
ISBN: 9783031105531
1st Edition
Authors: Krzysztof Malaga, Karolina Sobczak
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