A computational analysis of the core of a trading economy with three competitive equilibria
AbstractAn exchange economy with three equilibrium points is considered. The core of this economy is studied under replication. It is shown that the core splits into separate segments after 5 and then 12 replications and that convergences proceeds at different rates towards the three equilibria.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 28 (2001)
Issue (Month): 4 ()
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