Competitive equilibrium:walras meets darwin

DOI10.1080/02331930008844472MaRDI QIDQ4949179zbMATH OpenOpenAlexFDO

Authors Bjørn Sandvik, Sjur Didrik Flåm

Publication date 27 June 2001

Published in Optimization (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/02331930008844472

zbMATH Keywords

asymptotic stabilitycompetitive equilibriumevolutionary stabilitygeneralized monotonicityreplicator dynamicsstochastic approximationtâtonnementweak axiom of revealed preferences

Mathematics Subject Classification ID

Special types of economic equilibria (91B52)

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Cites work

• A converging algorithm for a linear exchange model
• A Dynamical System Approach to Stochastic Approximations
• A generalization of Tychonoff's fixed point theorem
• Economies with a Finite Set of Equilibria
• Exchange price equilibria and variational inequalities
• Extrapolative Expectations and Market Stability
• Generalized monotone bifunctions and equilibrium problems
• Gross substitutability and the weak axiom of revealed preference
• Gross substitutability of point-to-set correspondences
• Gross Substitutability with Multi-Valued Excess Demand Functions
• Homothetic preferences and community excess demand functions
• scientific article; zbMATH DE number 1266748 (Why is no real title available?)
• scientific article; zbMATH DE number 3414220 (Why is no real title available?)
• Monotone (nonlinear) operators in Hilbert space
• Multiplicity of Equilibria and Comparative Statics
• The logic of animal conflict

Cited in

(11)

• Pooling, pricing and trading of risks
• Double-edged population monotonicity of Walrasian equilibrium -- a note on the nature of competition
• Evolutionary foundations of aggregate-taking behavior
• Economic Darwinism
• Decentralized pricing and the equivalence between Nash and Walrasian equilibrium
• Evolution and jump in a Walrasian framework
• A note on Herbert Gintis' Emergence of a price system from decentralized bilateral exchange
• On the robustness of the competitive equilibrium: utility-improvements and equilibrium points
• EQUILIBRIUM, EVOLUTIONARY STABILITY AND GRADIENT DYNAMICS
• scientific article; zbMATH DE number 778446 (Why is no real title available?)
• Social interactions within a dynamic competitive economy

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