Mandel, Antoine; Gintis, Herbert - In: Mathematical Social Sciences 67 (2014) C, pp. 44-49
We present a mathematical model for the analysis of the bargaining games based on private prices used by Gintis to simulate the dynamics of prices in exchange economies in Gintis (2007). We then characterize, in the Scarf economy, a class of dynamics for which the Walrasian equilibrium is the...