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The Long-run Behaviour of the Patinkin Model.

In this paper I present conditions under which the long run stock equilibrium in Patinkin's general equilibrium model exists, is unique and is globally stable. These conditions are basically that all goods are weak gross substitutes and noninferior The model is developed in Patinkin (1965); Archibal...

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Published in:Economica Vol. 42; no. 167; pp. 292 - 298
Main Author: Kuska, Edward A.
Format: Article
Published: Wiley-Blackwell Aug75
Subjects:
Economic equilibrium
Economics
Economic models
Economic policy
Economic demand
Demand function
Neoclassical school of economics
Patinkin, D.
Online Access:View this record in EBSCOhost