Let It Be : Chaotic Price Instability can be Beneficial
スポンサーリンク
概要
- 論文の詳細を見る
This study investigates an economic implication of chaotic motions generated by a discrete price adjustment processe. For this purpose, it uses a pure exchange model with two goods and two agents, constructs an explicit density function of chaotic price fluctuations to calculate the long-run average utility. This study analytically as well as numerically demonstrates that the average long-run utility can be larger than a utility taken at a stationary state. This result indicates that price instability can be beneficial.
- 社団法人電子情報通信学会の論文
- 2001-11-21
著者
-
Matsumoto Akio
Department Of Biochemistry Osaka University Medical School
-
Matsumoto Akio
Department Of Economics Chuo University
関連論文
- Autoantibody Activity of IgG Rheumatoid Factor Increases with Decreasing Levels of Galactosylation and Sialylation^1
- Functional roles of N-glycans in cell signaling and cell adhesion in cancer
- Requirement of Fut8 for the expression of vascular endothelial growth factor receptor-2 : a new mechanism for the emphysema-like changes observed in Fut8-deficient mice
- Inhibition of ATP-Sensitive K+ Channels and L-Type Ca2+ Channels by Amiodarone Elicits Contradictory Effect on Insulin Secretion in MIN6 Cells
- Peroxiredoxin IV Is a Secretable Protein with Heparin-Binding Properties under Reduced Conditions^1
- Cycloadditions of 3,4-Dihydro-2H-pyrrole N-Oxide with Thioketones and a Selenoketone
- Effects of Nicorandil on the cAMP-Dependent Cl^- Current in Guinea-Pig Ventricular Cells
- Involvement of ST6Gal I in the biosynthesis of a unique human colon cancer biomarker candidate, α2,6-sialylated blood group type 2H (ST2H) antigen
- Let It Be : Chaotic Price Instability can be Beneficial
- Profitable Chaos in a Duopoly Market with Asymmetric Production Externality
- Inhibition of ATP-Sensitive K^+ Channels and L-Type Ca^ Channels by Amiodarone Elicits Contradictory Effect on Insulin Secretion in MIN6 Cells