Duménil, Gérard; Lévy, Dominique - Université Paris-Dauphine (Paris IX) - 1987
It is shown that it is possible to construct a disequilibrium microeconomics in which agents react to the evidence of … disequilibrium (inventories, nonnormal ratio of capacity utilization, etc.). In a one good model, we describe the set of fixed points … In addition to normal equilibrium, two stationary disequilibria also exist (or regimes of long-term disequilibrium …