Abstract (EN):
We propose a statistical duality among the preferences and endowments of the agents. Under this duality, the logarithmic prices of random trades among agents in a decentralized economy converge in expectation to the logarithm of the Walrasian equilibrium price in a centralized economy.
Idioma:
Inglês
Tipo (Avaliação Docente):
Científica
Nº de páginas:
6