A Stochastic Decentralized Resource Allocation Process: Part II

DOI10.2307/1914272MaRDI QIDQ4083188zbMATH OpenOpenAlexFDO

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/10.2307/1914272

Mathematics Subject Classification ID

Production models (90B30) Decision theory (91B06) Trade models (91B60)

Cited in

(10)

• Two topics in Leo Hurwicz's research
• Decentralized dynamic processes for finding equilibrium
• Satisficing
• Decentralized resource allocation and increasing returns
• Price formation in double auctions
• Stable processes of exchange
• What is team theory?
• Decentralized pure exchange processes on networks
• Automaton and group structures in certain economic adjustment mechanisms
• Market clearing and price formation

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