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On Relative Stability and the Coordination Problem in Market Economies

Luciano Boggio

Revue Économique, 1995, vol. 46, issue 6, 1445-1459

Abstract: [eng] The explanation of the coordination of actions and decisions of many agents within mar­ket economies has been mainly dealt with by the general equilibrium school of Walrasian derivation. Here a different approach to that problem is suggested. Definitions and procedures for the study of relative stability - a notion which is essential to the study of the above mentioned problem - are also discussed and a technique for simplifying such a study is presented. [fre] L'explication de la coordination des actions et des décisions d'un grand nom­bre d'agents dans les économies de marché a été principalement conçue suivant l'approche walrasienne de l'équilibre général. Ici, une approche différente est sug­gérée.. Des définitions et des procédures pour l'étude de la stabilité relative - une notion essentielle pour l'étude du problème mentionné - sont, également, discu­tées et une technique pour simplifier une telle étude est présentée.

Date: 1995
Note: DOI:10.3406/reco.1995.409744
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