On the convergence to Walrasian prices in random matching Edgeworthian economies
نویسندگان
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