On the local convergence of economic mechanisms

DOI10.1016/0022-0531(86)90013-XMaRDI QIDQ1083009zbMATH OpenOpenAlexFDO

Authors Donald G. Saari, Steven R. Williams

Publication date 1986

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

Full work available at URL https://doi.org/10.1016/0022-0531(86)90013-x

zbMATH Keywords

local stabilityapproximate informationinformationally decentralized economic models

Mathematics Subject Classification ID

General equilibrium theory (91B50)

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Cites work

• scientific article; zbMATH DE number 3139993 (Why is no real title available?)
• scientific article; zbMATH DE number 3688714 (Why is no real title available?)
• scientific article; zbMATH DE number 3402334 (Why is no real title available?)
• A method for constructing message systems for smooth performance functions
• Approximation in a continuous model of computing
• Differential Topology
• Effective Price Mechanisms
• Excess demand functions
• Implementing a generic smooth function
• Iterative Price Mechanisms
• Market Excess Demand Functions
• Necessary and sufficient conditions for the existence of a locally stable message process
• Some Examples of Global Instability of the Competitive Equilibrium

Cited in

(12)

• Necessary and sufficient conditions for the existence of a locally stable message process
• Automaton and group structures in certain economic adjustment mechanisms
• A Simple Stochastic Adjustment Process
• On efficiency and local uniqueness in two-sector OLG economies
• When are local incentive constraints sufficient?
• Decentralized dynamic processes for finding equilibrium
• On the existence of universally convergent mechanisms
• A continuity property for local price adjustment mechanisms
• From decision problems to dethroned dictators
• Some informational requirements for convergence
• scientific article; zbMATH DE number 3932800 (Why is no real title available?)
• The aggregated excess demand function and other aggregation procedures

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