CEMAPRE Seminar

Tuesday, February 27, 2018

On the convergence to Walrasian prices in random matching Edgeworthian economies


Miguel Ferreira
(Instituto Politécnico do Porto)

Abstract: We show that for a specific class of random matching Edgeworthian economies, the expectation of the limiting equilibrium price coincides with the equilibrium price of the related Walrasian economies. This result extends to the study of economies in the presence of uncertainty within the multi-period Arrow-Debreu model, allowing to understand the dynamics of how beliefs survive and propagate through the market.

Tuesday, February 27, 2018
Time: 14h00
Room: Sala Santander, Edificio Quelhas, ISEG
http://cemapre.iseg.ulisboa.pt/seminars/cemapre/