Random competitive exchange: Price distributions and gains from trade

DOI10.1016/0022-0531(85)90092-4MaRDI QIDQ1067979zbMATH OpenOpenAlexFDO

Authors Haim Mendelson

Publication date 1985

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(85)90092-4

zbMATH Keywords

price distributionuncertain preferencescompetitive exchangeexpected asymptotic gains from tradeexplicit closed-form resultsrandom indivisible endowments

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50)

Recommendations

• Trading Uncertainty and Market Form
• Getting to a Competitive Equilibrium
• Limit theorems for markets with sequential bargaining
• Some general results on equilibrium prices in large random exchange economies
• Equilibrium prices in a random exchange economy with dependent agents

Cites work

• scientific article; zbMATH DE number 3547015 (Why is no real title available?)
• A Limit Theorem on the Core of an Economy
• Competitive Exchange
• Incentive Efficiency of Double Auctions
• Market Behavior in a Clearing House
• Optimal denominations for coins and currency
• Price-Quantity Strategic Market Games
• Quantile-preserving spread
• The assignment game. I: The core
• Walrasian Analysis via Strategic Outcome Functions

Cited in

(3)

• Probability of survival in a random exchange economy with dependent agents
• Quantile-preserving spread
• Trading prices when the initial wealth is random

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