Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Home> Publications> Econometrica>Stability of Equilibrium and the Value of Positive Excess Demand

Econometrica: Jul, 1960, Volume 28, Issue 3

Stability of Equilibrium and the Value of Positive Excess Demand

https://www.jstor.org/stable/1910134
p. 606-617

Lionel W. McKenzie

Global stability is proved for a dynamic competitive model with the assumption that goods are weak gross substitutes. Then local stability is proved when this assumption is weakened. A new Liapounov function is introduced.

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December 4, 2024

Update on 2025 Submission and Publication Page Fees at Econometric Society Journals

The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica.  Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
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