Dynamical systems in Walrusian general equilibrium

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dc.contributor.author Davey, Steven Jon
dc.date.accessioned 2015-02-20T09:45:17Z
dc.date.available 2015-02-20T09:45:17Z
dc.date.issued 2015-02-20
dc.identifier.uri http://hdl.handle.net/10539/17032
dc.description.abstract The role of dynamical systems in general equilibrium analysis is chronicled. Starting with the introduction of a suitable phase space and evolution model, fundamental existence and stability results are proved. From here, many negative statements regarding the convergence of the price mechanism and attempts to rectify these conclusions are examined. The conclusion is that either the traditional economic hypotheses behind the model need to be reexamined or the economist’s dream of a universal pricing mechanism must be abandoned.
dc.language.iso en en_ZA
dc.subject.lcsh Equilibrium
dc.subject.lcsh Statics
dc.subject.lcsh Dynamics
dc.title Dynamical systems in Walrusian general equilibrium en_ZA
dc.type Thesis en_ZA

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