Stochastic Stability of Short-Run Market Equilibrium under Variations in Supply

Abstract

I. Introduction, 666. — II. Expectations and deterministic stability, 668. — III. Stochastic stability, 672. — IV. Stochastic stability of simple first order system, 675. — V. Stochastic stability of short-run fluctuations, 676. — VI. Stochastic stability with autocorrelated disturbances, 680. — VII. Concluding remarks, 681.