Random competitive exchange: Price distributions and gains from trade

DOI10.1016/0022-0531(85)90092-4zbMATH Open0579.90011OpenAlexW2032514946MaRDI QIDQ1067979FDOQ1067979

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

Recommendations

• Trading Uncertainty and Market Form
• Getting to a Competitive Equilibrium
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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)

Cites Work

• The assignment game. I: The core
• Title not available (Why is that?)
• Price-Quantity Strategic Market Games
• A Limit Theorem on the Core of an Economy
• Optimal denominations for coins and currency
• Incentive Efficiency of Double Auctions
• Walrasian Analysis via Strategic Outcome Functions
• Competitive Exchange
• Market Behavior in a Clearing House
• Quantile-preserving spread

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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