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

DOI10.1016/j.mathsocsci.2012.12.005zbMath1280.91111OpenAlexW2038416241MaRDI QIDQ2637405

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 modelout-of-equilibrium dynamicslimited informationdecentralised bilateral exchange

Mathematics Subject Classification ID

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

Related Items

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Cites Work

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• Stability, Disequilibrium Awareness, and the Perception of New Opportunities
• Pairwise, t-Wise, and Pareto Optimalities
• Bilateral Trading Processes, Pairwise Optimally, and Pareto Optimality
• Collective dynamics of ‘small-world’ networks
• Complexity and Competition

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