Stochastic stability in the Scarf economy

DOI10.1016/j.mathsocsci.2013.09.002zbMath1285.91080OpenAlexW2080710815MaRDI QIDQ2446692

Antoine Mandel, Herbert Gintis

Publication date: 17 April 2014

Published in: Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL: https://halshs.archives-ouvertes.fr/halshs-00748328/file/12066.pdf

zbMATH Keywords

equilibriumevolutionary stabilitystochastic stabilitybargaining gamesScarf economytâtonement instability

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) General equilibrium theory (91B50)

Related Items (3)

Decentralized pricing and the equivalence between Nash and Walrasian equilibrium ⋮ Trader matching and the selection of market institutions ⋮ The invisible hand of Laplace: the role of market structure in price convergence and oscillation

Cites Work

• Unnamed Item
• Evolutionary dynamics with aggregate shocks
• A globally and universally stable price adjustment process
• Strategic market games: an introduction.
• Variations on the theme of Scarf's counter-example
• Decentralised exchange, out-of-equilibrium dynamics and convergence to efficiency
• The Bargaining Problem
• An impossibility theorem for price-adjustment mechanisms
• Some Examples of Global Instability of the Competitive Equilibrium
• The Stability of a Competitive Economy: A Survey Article
• Other Solutions to Nash's Bargaining Problem
• The Evolution of Walrasian Behavior
• Basins of Attraction, Long-Run Stochastic Stability, and the Speed of Step-by-Step Evolution
• The Evolution of Conventions
• A Theorem on Non-Tatonnement Stability

This page was built for publication: Stochastic stability in the Scarf economy