Effective Price Mechanisms

DOI10.2307/1911438MaRDI QIDQ4181554zbMATH OpenOpenAlexWikidataFDO

Authors Donald G. Saari, Carl P. Simon

Publication date 1978

Published in Econometrica (Search for Journal in Brave)

Full work available at URL http://www.kellogg.northwestern.edu/research/math/papers/259.pdf

zbMATH Keywords

Competitive EquilibriumEffective Price MechanismsPure Exchange Economy

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Cited in

(32)

• An N-dimensional version of Scarf's example
• Communication complexity and stability of equilibria in economies and games
• Locally stable price mechanisms
• The representation problem and the efficiency of the price mechanism
• On the local convergence of economic mechanisms
• Instability in the implementation of Walrasian allocations
• Optimal solution of nonlinear equations
• Further remarks on the global Newton method
• Decentralized dynamic processes for finding equilibrium
• The transition from a Drèze equilibrium to a Walrasian equilibrium
• A continuity property for local price adjustment mechanisms
• The aggregated excess demand function and other aggregation procedures
• An adjustment process for the standard Arrow-Debreu model with production
• A globally and universally stable price adjustment process
• Globally stable price dynamics.
• Universally converging adjustment processes -- a unifying approach.
• A lower bound on computational complexity given by revelation mechanisms
• Tatonnement beyond gross substitutes? Gradient descent to the rescue
• How long to Pareto efficiency?
• Introduction to computer science and economic theory
• Stable processes of exchange
• Repeated play and Newton's method.
• An impossibility theorem for price-adjustment mechanisms
• On the Stability of a Retarded Functional Differential Equation Edgeworth Process
• A PRICE ADJUSTMENT PROCESS IN A MODEL OF MONOPOLISTIC COMPETITION
• Book review of: Sergiu Hart and Andreu Mas-Colell, Simple adaptive strategies: from regret-matching to uncoupled dynamics
• A tâtonnement process with fading memory, stabilization and optimal speed of convergence
• A synergetic reformulation of general equilibrium theory
• Globally and universally convergent price adjustment processes
• Dressing the emperor in a new dynamic outfit
• Necessary and sufficient conditions for the existence of a locally stable message process
• A convergent price adjustment process

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