On the existence and convergence of price equilibria for random economies

• 成果类型: Article
• 署名作者: Nummelin, E
• 署名单位: University of Helsinki
• 刊物名称: ANNALS OF APPLIED PROBABILITY
• ISSN/ISSBN: 1050-5164
• DOI: 10.1214/aoap/1019737673
• 发表日期: 2000
• 页码: 268-282
• 关键词: large deviations; random vectors

摘要

We study an exchange economy comprising n agents, where the excess demands by the agents are random variables. We show that under certain conditions the set of price equilibria is nonempty. me also prove a theorem concerning the convergence of the random price equilibria toward the price equilibria of an associated expectation economy.