A discrete tatonnement process is analysed within the context of a two-person, two-good exchange economy where each person has a Cobb-Douglas utility function. This process is shown to exhibit period ...

Yamaga and Hatta (2000) specified a Cobb-Douglas utility function to measure the fatigue cost of commuting. The framework of the analysis in this paper is a development of Yamaga and Hatta's earlier ...

In this paper, we show that, in markets with a continuum of traders and atoms, the set of Cournot-Walras equilibria and the set of Cournot equilibria may be disjoint. We show also that, when the ...