This paper discusses the dynamics of disequilibrium in a single market where both price and quantity change in response to disequilibrium. We describe the nature of the adjustment path under a wide variety of assumptions, noting in particular the properties of stability in the large and in the small and the existence of limit cycles.
MLA
Ryder, Harl E., and Martin J. Beckmann. “Simultaneous Price and Quantity Adjustment in a Single Market.” Econometrica, vol. 37, .no 3, Econometric Society, 1969, pp. 470-484, https://www.jstor.org/stable/1912794
Chicago
Ryder, Harl E., and Martin J. Beckmann. “Simultaneous Price and Quantity Adjustment in a Single Market.” Econometrica, 37, .no 3, (Econometric Society: 1969), 470-484. https://www.jstor.org/stable/1912794
APA
Ryder, H. E., & Beckmann, M. J. (1969). Simultaneous Price and Quantity Adjustment in a Single Market. Econometrica, 37(3), 470-484. https://www.jstor.org/stable/1912794
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