Decentralised exchange, out-of-equilibrium dynamics and convergence to efficiency

DOI10.1016/J.MATHSOCSCI.2012.12.005MaRDI QIDQ2637405zbMATH OpenOpenAlexFDO

Authors Yanyan Li

Publication date 11 February 2014

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

Full work available at URL https://doi.org/10.1016/j.mathsocsci.2012.12.005

zbMATH Keywords

rate of convergencenetwork modellimited informationout-of-equilibrium dynamicsdecentralised bilateral exchange

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54) Economic dynamics (91B55)

Recommendations

• Stable processes of exchange
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Cites work

• scientific article; zbMATH DE number 3487161 (Why is no real title available?)
• scientific article; zbMATH DE number 1541910 (Why is no real title available?)
• Bargaining and Competition Part I: Characterization
• Bargaining and Competition Part II: Existence
• Bilateral Trading Processes, Pairwise Optimally, and Pareto Optimality
• Collective dynamics of `small-world' networks
• Complexity and Competition
• Decentralized trade, random utility and the evolution of social welfare
• Equilibrium in a Market with Sequential Bargaining
• On cores and indivisibility
• Pairwise, t-Wise, and Pareto Optimalities
• Retrading in market games.
• Some Examples of Global Instability of the Competitive Equilibrium
• Stability, Disequilibrium Awareness, and the Perception of New Opportunities
• The evolution of exchange.
• The evolution of social and economic networks.

Cited in

(6)

• Decentralized trade, random utility and the evolution of social welfare
• Market sentiments and convergence dynamics in decentralized assignment economies
• Heterogeneity in decentralized asset markets
• Stochastic stability in the Scarf economy
• Decentralized Trading, Strategic Behaviour and the Walrasian Outcome
• Analysis of a dynamic, decentralized exchange economy

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