Fernandez-Anaya, Guillermo; Alvarez-Ramirez, Jose; … - In: Physica A: Statistical Mechanics and its Applications 377 (2007) 1, pp. 211-226
paper focuses on this issue. Specifically, feedback control theory is used to link SPAMs and price dynamics models with …). Under mild conditions, it is shown the existence of a feedback function that transforms the price dynamics into a desired … SPAM. Hence, a SPAM is interpreted as a fundamental (e.g., Walrasian) price dynamics under the action of a feedback …