Some general results on equilibrium prices in large random exchange economies (Q1854749)

From MaRDI portal

!

This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use the normal view instead:

scientific article; zbMATH DE number 1859487
Language Label Description Also known as
default for all languages
No label defined
    English
    Some general results on equilibrium prices in large random exchange economies
    scientific article; zbMATH DE number 1859487

      Statements

      Some general results on equilibrium prices in large random exchange economies (English)
      0 references
      27 January 2003
      0 references
      In this paper a sequence of economies is considered where the number n of agents is growing, where the stochastic interaction between agents is described by dependency neighbourhoods and where there are (random) equilibrium price vectors for each economy. Then the paper firstly looks for conditions such that for growing n there is a certain convergence behaviour of the sequence of the mentioned price vectors (asymptotic normality), and secondly an estimation of the convergence rate is given. Examples, full proofs, hints for further investigations and finally remarks about the relations of this paper to a former one [\textit{M. Majumdar} and \textit{V. I. Rotar}, Econ. Theory 15, No. 3, 531--550 (2000; Zbl 1028.91025)] are added.
      0 references
      exchange economy
      0 references
      equilibrium prices
      0 references
      asymptotic normality
      0 references
      dependency neighbourhood
      0 references
      0 references
      0 references

      Identifiers

      0 references
      0 references
      0 references
      0 references
      0 references
      0 references
      0 references