A Law of Large Numbers for Fast Price Adjustment

DOI10.2307/2154020MaRDI QIDQ4018424zbMATH OpenOpenAlexFDO

Authors H. Jerome Keisler

Publication date 16 January 1993

Full work available at URL https://doi.org/10.2307/2154020

zbMATH Keywords

equilibrium priceexchange economylarge sets of weakly interacting particleslaw of large numbersLoeb measureMarkov processesnonstandard analysis

Mathematics Subject Classification ID

Other applications of nonstandard models (economics, physics, etc.) (03H10) Limit theorems for vector-valued random variables (infinite-dimensional case) (60B12) Markov chains (discrete-time Markov processes on discrete state spaces) (60J10) Economic growth models (91B62)

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Cites work

• A convergent process of price adjustment and global Newton methods
• A martingale approach to the law of large numbers for weakly interacting stochastic processes
• An infinitesimal approach to stochastic analysis
• Bargaining and Competition Part II: Existence
• Foundations of infinitesimal stochastic analysis
• scientific article; zbMATH DE number 3166227 (Why is no real title available?)
• scientific article; zbMATH DE number 3827533 (Why is no real title available?)
• scientific article; zbMATH DE number 3951715 (Why is no real title available?)
• scientific article; zbMATH DE number 3978014 (Why is no real title available?)
• scientific article; zbMATH DE number 3978759 (Why is no real title available?)
• scientific article; zbMATH DE number 3547015 (Why is no real title available?)
• scientific article; zbMATH DE number 3450673 (Why is no real title available?)
• scientific article; zbMATH DE number 3892344 (Why is no real title available?)
• scientific article; zbMATH DE number 3216527 (Why is no real title available?)
• scientific article; zbMATH DE number 3109695 (Why is no real title available?)
• Markets with a Continuum of Traders
• Nonstandard asymptotic analysis
• Nonstandard Exchange Economies
• Strong approximation theorems for density dependent Markov chains

Cited in

(5)

• Approximate tâtonnement processes
• Verifiability and group formation in markets
• Existence of independent random matching
• scientific article; zbMATH DE number 2051037 (Why is no real title available?)
• Law of Large Numbers for Dynamic Bargaining Markets

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