Using ideas from complexity theory and its application in the areas of ecology, biology, chemistry and medicine this … paper shows how the paradigm of complexity is able to offer the conceptual frame in which they can project, evaluate and … around each equilibrium point, the locus in the parameters space corresponding to the structural stability of the system is …

simulation result shows a finding that is consistent with an analytical result for a state of equilibrium while it also shows …

methodology solves the Walrasian problem of how markets can reach equilibrium, starting with firms trading at disparate prices …

.  This paper traces the unintended travesties to problems   of complexity and uncertainty, problems that implicitly are …

We address the problem of computing a Walrasian equilibrium price in an ascending auction with gross substitutes … multiple units. Although the ascending auction is known to ï¬nd an equilibrium price vector in ï¬nite time, little is known … about its time complexity. The main aim of this paper is to analyze the time complexity of the ascending auction globally …

playing strategies that can be im- plemented by fnite automata and they have lexicographic preferences, the set of equilibrium … and the set of equilibrium payo is once again the set of feasible and individually rational payoffs. Our result emphasizes …

In this article I clarify the often muddled distinctions between uncertainty, difficulty, and complexity and show that … problem-solving approaches; and to harness complexity, institutions adjust selection criteria, rates of variation, and the … level of connectedness. The distinction between complex systems and equilibrium systems also necessitates a discussion of …

Since Leon Walras neoclassical economists hold an inalterable belief in a unique and stable equilibrium for the … paper examines four such models of increasing complexity, including the affine nonline-ar feedback H-control, to show that … the 'data requirement' precludes all attempts at the empirical verification of the existence of a stable equilibrium. If …

Since Lėon Walras neoclassical economists hold an inalterable belief in a unique and stable equilibrium for the … a stable equilibrium. In a complex nonlinear deterministic systems, equilibria, whether multiple or deterministically …