This paper studies the $\alpha-$double auction in Xu et al. (2014) and extends their results to the case where $\alpha$ is time-varying in a manner governed by a time non-homogeneous Markov chain specified in Ram et al. (2009) over a set of states defined by $R\equiv\{\alpha_1, \alpha_2, \cdots,...

This paper studies a dual that applies to a class of quasilinear exchange economies with indivisible (or divisible) goods in search for an equilibrium. Our model aims at an economy with a large scale and an agent's revealed demand or supply is contaminated with stochastic errors (noises). Thus,...