We study an exchange economy comprising $n$ agents,where the
excess demands by the agents are random variables. We show that under certain
conditions the set of price equilibria is nonempty. We also prove a theorem
concerning the convergence of the random price equilibria toward the price
equilibria of an associated “expectation economy.”
Publié le : 2000-02-14
Classification:
Equilibrium,
economic theory,
large deviations,
90A14,
60F15
@article{1019737673,
author = {Nummelin, Esa},
title = {On the existence and convergence of price equilibria for random
economies},
journal = {Ann. Appl. Probab.},
volume = {10},
number = {2},
year = {2000},
pages = { 268-282},
language = {en},
url = {http://dml.mathdoc.fr/item/1019737673}
}
Nummelin, Esa. On the existence and convergence of price equilibria for random
economies. Ann. Appl. Probab., Tome 10 (2000) no. 2, pp. 268-282. http://gdmltest.u-ga.fr/item/1019737673/