Local stability of the competitive economy with relative prices and discrete time

Authors

  • Emil Panek

DOI:

https://doi.org/10.18559/ebr.2008.2.547

Keywords:

Economic equilibrium, Price stability, Równowaga ekonomiczna, Równowaga gospodarcza, Stabilność cen

Abstract

The paper presents a simple proof of a local asymptotical stability of the non-linear stationary Walrasian system with discrete time and relative prices. The proof uses a notion of global asymptotical stability in zero linear approximation of the non-linear system under stationary conditions. (original abstract)

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Published

2008-06-30

How to Cite

Panek, E. (2008). Local stability of the competitive economy with relative prices and discrete time. Economics and Business Review, 8(2), 49–57. https://doi.org/10.18559/ebr.2008.2.547

Issue

Vol. 8 No. 2 (2008)

Section

Research article- regular issue

License

Copyright (c) 2008 Poznań University of Economics and Business

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.