On the convergence to Walrasian prices in random matching Edgeworthian economies

نویسندگان

  • Alberto A. Pinto
  • Miguel Ferreira
  • Bärbel Finkenstädt
  • B. M. P. M. Oliveira
  • Athanassios N. Yannacopoulos
چکیده

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.

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عنوان ژورنال:
  • CEJOR

دوره 20  شماره 

صفحات  -

تاریخ انتشار 2012