| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 972684 | Mathematical Social Sciences | 2013 | 5 Pages |
Abstract
⺠Tatonnement dynamics can be either normalized or unnormalized. ⺠The three main conditions for global stability are gross substitutability, negative semi-definiteness, and diagonal dominance. ⺠The first two conditions yield global stability for both dynamics; the third is suitable only for normalized dynamics. ⺠A weakening of usual diagonal dominance yields global stability for non-normalized tatonnement. ⺠It is now known that all three conditions yield global stability for either dynamics.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Donald C. Keenan, Taewon Kim,