Local stability of the competitive economy with relative prices and discrete time
DOI:
https://doi.org/10.18559/ebr.2008.2.547Keywords:
Economic equilibrium, Price stability, Równowaga ekonomiczna, Równowaga gospodarcza, Stabilność cenAbstract
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)
Downloads
Download data is not yet available.
Downloads
Published
2008-06-30
Issue
Section
Research article- regular issue
License
Copyright (c) 2008 Poznań University of Economics and Business
This work is licensed under a Creative Commons Attribution 4.0 International License.
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
