On the convergence to Walrasian prices in random matching Edgeworthian economies

• Type: Article in International Scientific Journal
• Date: 2012

Authors

Pinto, AA (Author) FCUP; Ferreira, M (Author) Other; Finkenstaedt, BF (Author) Other; Oliveira, B (Author) FCNAUP; Yannacopoulos, AN (Author) Other

Journal

Title: Central European Journal of Operations Research

Vol. 20

Pages: 485-495

ISSN: 1435-246X

Publisher: Springer Nature

Indexing

ISI Web of Knowledge - 3 Citations

ISI Web of Science

Scopus - 3 Citations

Scientific classification

FOS: Natural sciences > Mathematics

CORDIS: Social sciences

Other information

Authenticus ID: P-002-6Q4

DOI: 10.1007/s10100-011-0208-5

Abstract (EN): 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.

Language: English

Type (Professor's evaluation): Scientific

Notes: <a href="http://gateway.isiknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcAuth=Alerting&SrcApp=Alerting&DestApp=WOS&DestLinkType=FullRecord&KeyUT=000306681700011">Indexado na ISI Web of Science</a>

No. of pages: 11