Dominique, Charlemagne René; Rivera-Solis, Luis Eduardo - In: Expert journal of economics 2 (2014) 3, pp. 100-108
Since Lėon 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 nonlinear feedback H∞-control, to show that … the "data requirement" precludes all attempts at the empirical verification of the existence of a stable equilibrium. If …