Boundary equilibria of multiplicative resource prices
ID: boundary-equilibria-of-multiplicative-resource-prices
In multiplicative resource-price dynamics, a zero price remains zero even if demand exceeds supply there. For one route using two resources, unit weight and supplies , both and are equilibria, while the unique positive equilibrium is . Thus uniqueness on the positive price domain cannot be extended to every nonnegative price trajectory without an extra boundary rule.
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