Walrasian Tatonnement by Sequential Pairwise Trading: Convergence and Welfare Implications
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More about this item
Keywords
pairwise exchange; tatônnement; rationing; mispricing; general equilibrium; walrasianequilibrium; sequential equilibrium; auctioneer; price overreaction; wealth divide; agent-based models; agent-based simulations.;All these keywords.
JEL classification:
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CMP-2013-03-16 (Computational Economics)
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