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Correspondence Principle

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Abstract

The correspondence principle is the relation, which exists in certain economic models, between comparative statics of equilibria and the properties of out-of-equilibrium dynamics.

This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume

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Echenique, F. (2008). Correspondence Principle. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_3036-2

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  • DOI: https://doi.org/10.1057/978-1-349-95121-5_3036-2

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  • Publisher Name: Palgrave Macmillan, London

  • Online ISBN: 978-1-349-95121-5

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Chapter history

  1. Latest

    Correspondence Principle
    Published:
    17 March 2017

    DOI: https://doi.org/10.1057/978-1-349-95121-5_3036-2

  2. Original

    Correspondence Principle
    Published:
    28 December 2016

    DOI: https://doi.org/10.1057/978-1-349-95121-5_3036-1