Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

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Volume 8 Number 2 pp. 49-57

Emil Panek

Pozna&#
3

2

4
; University of Economics, Poland

Local stability of the competitive economy with relative prices and discrete time

Abstract: The paper presents a simple proof of a local asymptotical stability of the non-linear stationary Walrasian system with discrete time and relative prices. The proof uses a notion of global asymptotical stability in zero linear approximation of the non-linear system under stationary conditions. (original abstract)
pub/2008_2_49.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume8/issue2/2008_2_49.pdf
Keywords: Economic equilibrium, Price stability, Równowaga ekonomiczna, Równowaga gospodarcza, Stabilność cen

For citation:

MLA Panek, Emil. "Local stability of the competitive economy with relative prices and discrete time." Economics and Business Review EBR 8.2 (): 49-57.
APA , (). Local stability of the competitive economy with relative prices and discrete time. Economics and Business Review EBR 8(2), 49-57
ISO 690 PANEK, Emil. Local stability of the competitive economy with relative prices and discrete time. Economics and Business Review EBR, , 8.2: 49-57.