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 …

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 …

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 …