The Stability of Walrasian General Equilibium under a replicator dynamic

نویسندگان

  • Herbert Gintis
  • Antoine Mandel
چکیده

We prove the stability of equilibrium in a completely decentralized Walrasian general equilibrium economy in which prices are fully controlled by economic agents, with production and trade occurring out of equilibrium. Journal of Economic Literature Classifications: C62—Existence and Stability Conditions of Equilibrium D51—Exchange and Production Economies D58—Computable and Other Applied General Equilibrium Economies

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تاریخ انتشار 2013