A Stochastic Decentralized Resource Allocation Process: Part I

DOI10.2307/1913581MaRDI QIDQ4055352zbMATH OpenOpenAlexWikidataFDO

Authors Leonid Hurwicz, Roy Radner, Stanley Reiter

Publication date 1975

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/1913581

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Trade models (91B60)

Cited in

(12)

• The human side of mechanism design: a tribute to Leo Hurwicz and Jean-Jacque Laffont
• Two topics in Leo Hurwicz's research
• Simple market protocols for efficient risk sharing
• Decentralized dynamic processes for finding equilibrium
• Satisficing
• Construction of a continuous utility function for a class of preferences
• Stable processes of exchange
• What is team theory?
• Decentralized pure exchange processes on networks
• IEL-CDA model: a more accurate theory of behavior in continuous double auctions
• Market clearing and price formation
• Learning competitive equilibrium

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