File:Glötzl-Glötzl-Richters-Edgeworth-Box-with-slow-tatonnement.png

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Edgeworth Box exchange model with slow price adaptation

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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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Date/TimeThumbnailDimensionsUserComment
current06:19, 3 May 2021Thumbnail for version as of 06:19, 3 May 20211,656 × 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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