Global convergence of the stochastic tâtonnement process (Q1587386)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Global convergence of the stochastic tâtonnement process |
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Global convergence of the stochastic tâtonnement process (English)
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6 July 2003
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The paper introduces stochastic elements into the Walrasian tâtonnement process, to make it more realistic and to ensure its global convergence to an equilibrium with probability 1.
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stochastic tâtonnement
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path dependence
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simulated annealing
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stochastic optimization
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Walrasian tâtonnement
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