Statistical dynamics and Walras' law

被引：4

作者：

Huang, WH ^{[1
]}

机构：

[1] Nanyang Technol Univ, Nanyang Business Sch, Singapore 639798, Singapore

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2001年 / 46卷 / 01期

关键词：

chaos; statistical dynamics; nonlinear dynamics; ergodic systems; tatonnement process;

D O I：

10.1016/S0167-2681(01)00187-1

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Much interest has been shown on identifying the chaotic behavior generated from tatonnement process recently. The aim of this article is to direct the research in exploring its statistical dynamical properties. Two typical types of ergodic tatonnement processes - restricted tatonnement and unrestricted tatonnement - have been studied. Their long-run statistical characteristics such as time average of price, excess demand and inflation rate are discussed in theory and by computer simulations. (C) 2001 Elsevier Science B.V. All rights reserved.

引用

页码：57 / 71

页数：15

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