Back to Search
Start Over
On the convergence to Walrasian prices in random matching Edgeworthian economies
- Source :
- Repositório Científico de Acesso Aberto de Portugal, Repositório Científico de Acesso Aberto de Portugal (RCAAP), instacron:RCAAP
- Publication Year :
- 2012
-
Abstract
- We show that for a specific class of random matching Edgeworthian economies, the expectation of the limiting equilibrium price coincides with the equilibrium price of the related Walrasian economies. This result extends to the study of economies in the presence of uncertainty within the multi-period Arrow-Debreu model, allowing to understand the dynamics of how beliefs survive and propagate through the market.
- Subjects :
- Computer Science::Computer Science and Game Theory
Class (set theory)
Matemática [Ciências exactas e naturais]
Convergence (economics)
Limiting
Mathematics [Natural sciences]
Management Science and Operations Research
Computer Science::Computers and Society
Random matching
Economy
Social sciences, Mathematics
Economics
Ciências Sociais, Matemática
Mathematical economics
Subjects
Details
- Language :
- English
- Database :
- OpenAIRE
- Journal :
- Repositório Científico de Acesso Aberto de Portugal, Repositório Científico de Acesso Aberto de Portugal (RCAAP), instacron:RCAAP
- Accession number :
- edsair.doi.dedup.....67e59102c9de237461a02cad0228eb67