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Some inference results on random pure exchange economies

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  • Yongming Hou

Abstract

In this paper we apply the theory of large deviations to a random exchange economy. Two types of the observations, namely partial observation and full observation, and their consequences on our a posteriori knowledge about the equilibrium are discussed. A random exchange economy with economic sectors is used as an example. Copyright Springer Science+Business Media, LLC 2012

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  • Yongming Hou, 2012. "Some inference results on random pure exchange economies," Annals of Operations Research, Springer, vol. 196(1), pages 293-309, July.
    • Handle: RePEc:spr:annopr:v:196:y:2012:i:1:p:293-309:10.1007/s10479-012-1157-7
    DOI: 10.1007/s10479-012-1157-7
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    References listed on IDEAS

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    1. Bhattacharya, Rabindra Nath & Majumdar, Mukul, 1973. "Random exchange economies," Journal of Economic Theory, Elsevier, vol. 6(1), pages 37-67, February.
    2. Hildenbrand, Werner, 1971. "Random preferences and equilibrium analysis," Journal of Economic Theory, Elsevier, vol. 3(4), pages 414-429, December.
    3. Mukul Majumdar & Vladimir Rotar, 2002. "Some General Results on Equilibrium Prices in Large Random Exchange Economies," Annals of Operations Research, Springer, vol. 114(1), pages 245-261, August.
    4. HILDENBRAND, Werner, 1971. "Random preferences and equilibrium analysis," LIDAM Reprints CORE 100, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    5. Vladimir Rotar & Mukul Majumdar, 2000. "Equilibrium prices in a random exchange economy with dependent agents," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 15(3), pages 531-550.
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