A computational analysis of the core of a trading economy with three competitive equilibria

An exchange economy with three equilibrium points is considered. The core of this economy is studied under replication. It is shown that the core splits into separate segments after 5 and then 12 replications and that convergences proceeds at different rates towards the three equilibria.

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Year of publication:	2001
Authors:	Kumar, Alok ; Shubik, Martin
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 28.2001, 4, p. 0-0
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C7 - Game Theory and Bargaining Theory ; D5 - General Equilibrium and Disequilibrium
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008563084