Readings in Complex Market Dynamics

Department of Economics
Central European University
Budapest, Hungary
Spring 2011

Whom or What does the Representative Individual Represent?
Alan Kirman, Journal of Economic Perspectives 6 (1992):117-136.

Complexity Economics
Herbert Gintis, Journal of Economic Literature 54 (2006): 1018-1031.

The Dynamics of General Equilibrium
Herbert Gintis, Economic Journal 117 (2007):1289-1309.

The Dynamics of General Market Exchange
Herbert Gintis, Under Submission, September 1010.

Demand Theory and General Equilibrium:
From Explanation to Introspection

Alan P. Kirman, History of Political Economy 38 (2006):246-280.

Mathematical Complexity of Simple Economics
Donald G. Saari, Notices of the American Mathematical Society 42,2 (1995):222-230.

The Simple Analytics of General Equilibrium
Francis Bator, American Economic Review 47 (1957): 42-59;

Some examples of global instability of competitive equilibrium
Herbert Scarf, International Economic Review 1 (1960): 157-72.

A Globally and Universally Stable Price Adjustment Mechanism
P. Jean-Jacques Herings, Journal of Mathematical Economics 27 (1997):163-193.

Disequilibrium Dynamics and Aggregate Excess Demand
Maarten Pieter Schinkel, History of Political Economy 38 (2006):189-212.

The Sonnenschein-Mantel-Debreu Results after Thirty Years
S. Abu Turab Rizvi, History of Political Economy 38 (2006):189-212.

JLearning Algorithms in a Decentralized General Equilibrium Model
James Bruce, Department of Economics, McMasters University (2010).

Walras' Tâtonnement in the Theory of Exchange
Hirofumi Uzawa, Review of Economic Studies 27,3 (1960):182-194.

On the Stability of Edgeworth's Barter Process
Hirofumi Uzawa, International Economic Review 3,2 (1962):218-231.

The Stability of Dynamic Processes
Hirofumi Uzawa, Econometrica 29,4 (1961):617-631.

Globally Stable Price Dynamics
Aleksandra Arkit, Journal of Mathematical Economics 39 (2003):27-38.

The Endogenous Dynamics of Markets: Price, Impact, and Feedback Loops
Jean-Philippe Bouchaud, Arxiv (2010):1-15.