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Title: Can we identify Walrasian allocations?
Author: Manresa, Antonio, 1954-
Keywords: Econometria
Equilibri (Economia)
Economia matemàtica
Equilibrium (Economics)
Mathematical economics
Issue Date: 1998
Publisher: Universitat de Barcelona. Facultat d'Economia i Empresa
Series/Report no: [WP E-Eco 98/32]
Abstract: [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.
Note: Reproducció del document publicat a:
It is part of: Documents de treball (Facultat d'Economia i Empresa. Espai de Recerca en Economia), 1998, E98/32
ISSN: 1136-8365
Appears in Collections:Documents de treball / Informes (Economia)
UB Economics – Working Papers [ERE]

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