Can we identify Walrasian allocations?


Autoria(s): Manresa, Antonio, 1954-
Contribuinte(s)

Universitat de Barcelona

Data(s)

26/09/2013

Resumo

[eng] We consider a discrete time, pure exchange infinite horizon economy with two or more consumers and at least one concumption good per period. Within the framework of decentralized mechanisms, we show that for a given consumption trade at any period of time, say at time one, the consumers will need, in general, an infinite dimensional (informational) space to identigy such a trade as an intemporal Walrasian one. However, we show and characterize a set of enviroments where the Walrasian trades at each period of time can be achieved as the equilibrium trades of a sequence of decentralized competitive mechanisms, using only both current prices and quantities to coordinate decisions.

Identificador

http://hdl.handle.net/2445/43811

Idioma(s)

eng

Publicador

Universitat de Barcelona. Facultat d'Economia i Empresa

Direitos

cc-by-nc-nd, (c) Manresa, 1998

info:eu-repo/semantics/openAccess

<a href="http://creativecommons.org/licenses/by-nc-nd/3.0/">http://creativecommons.org/licenses/by-nc-nd/3.0/</a>

Palavras-Chave #Econometria #Equilibri (Economia) #Microeconomia #Macroeconomia #Economia matemàtica #Econometrics #Equilibrium (Economics) #Microeconomics #Macroeconomics #Mathematical economics
Tipo

info:eu-repo/semantics/workingPaper