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International Economic Review

Article . 1990 . Peer-reviewed

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Morishima Systems and Global Stability

Name: Morishima Systems and Global Stability
Creator: Keenan, Donald C
Keywords: 0502 economics and business, 05 social sciences

descriptionPublicationkeyboard_double_arrow_right Article 01 Feb 1990Publisher:JSTORJournal:International Economic Review, volume 31, page 11 (issn: 0020-6598,

Authors: Keenan, Donald C;

doi: 10.2307/2526625

Morishima Systems and Global Stability

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Abstract

In this paper, it is shown that a Morishima-type sign pattern on the Jacobian of excess demand, holding for all prices, assures system stability with respect to the normalized tatonnement process, starting from almost any price. Copyright 1990 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

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Fields of Science

social sciences

economics and business

Fields of Science

social sciences

economics and business

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