File:Glötzl-Glötzl-Richters-Edgeworth-Box-with-slow-tatonnement.png
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[edit]DescriptionGlötzl-Glötzl-Richters-Edgeworth-Box-with-slow-tatonnement.png |
English: Edgeworth Box exchange model based on General Constrained Dynamics framework with slow price adaptation. The dynamic model starts in the upper left corner and converges to the contract curve, but because of path dependency not to the usual equilibrium value calculated by optimization approaches. |
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File Url: https://oliver-richters.de/gcd-models/glotzl-et-al-Edgeworth-slow-tatonnement.png. Posted at https://oliver-richters.de/gcd-models/ under licence CC-BY-SA 3.0. Published in: Erhard Glötzl, Florentin Glötzl, Oliver Richters: From constrained optimization to constrained dynamics: extending analogies between economics and mechanics. In: Journal of Economic Interaction and Coordination 14(3), pp. 623–642, September 2019. doi:10.1007/s11403-019-00252-7. |
Author | Erhard Glötzl, Florentin Glötzl, Oliver Richters |
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current | 06:19, 3 May 2021 | 1,656 × 1,460 (280 KB) | Zoe788 (talk | contribs) | Uploaded a work by Erhard Glötzl, Florentin Glötzl, Oliver Richters from File Url: https://oliver-richters.de/gcd-models/glotzl-et-al-Edgeworth-slow-tatonnement.png. Posted at https://oliver-richters.de/gcd-models/ under licence CC-BY-SA 3.0. Published in: Erhard Glötzl, Florentin Glötzl, Oliver Richters: From constrained optimization to constrained dynamics: extending analogies between economics and mechanics. In: Journal of Economic Interaction and Coordination 14(3), pp. 623–642, Septemb... |
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