/implications - For some values of a parameter there is a locally stable equilibrium which is the value that maximizes the profit function …. Increasing these values, the equilibrium becomes unstable, through period-doubling bifurcation. Originality/value - The result …

equilibrium path from the corresponding perfect-foresight autoregressive Markov jump state motion. As the exact expression of the … condition for the mean-square stability of the obtained rational expectations equilibrium is also provided. -- Rational …

cases where additionally, some variables may be strategic complements. The main result here is that the equilibrium set in … such models is a non-empty, complete lattice, if, and only if, there is a unique equilibrium. Indeed, for a given parameter … techniques for exhibiting increasing equilibria or computing equilibria that use the largest or smallest equilibrium, or that use …

equilibrium model and rely on arguments from convex analysis. This methodology does not only give rise to a convergent iterative …

Eisenberg and Gale [1959] showed that market equilibrium in Fisher's model with linear utility functions could be … concave and linearly homogeneous functions. Eisenberg's result can be used to establish that market equilibrium in economic … the existence of equilibrium prices of the consumable goods by solving a concave-linear optimization problem, whose …

The study of the local characteristics of equilibrium positions generated by the constrained maximization of some … derivatives of the demand function in some neighborhood of the equilibrium. We now discuss this matrix and its applications. …

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

general equilibrium models (DSGE). The main idea is to expand a solution in a series of powers of a small parameter scaling …