On the local convergence of economic mechanisms

DOI10.1016/0022-0531(86)90013-XzbMath0603.90026OpenAlexW2046014117MaRDI QIDQ1083009

Steven R. Williams, Donald G. Saari

Publication date: 1986

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(86)90013-x

zbMATH Keywords

local stabilityapproximate informationinformationally decentralized economic models

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items

The aggregated excess demand function and other aggregation procedures ⋮ Some informational requirements for convergence ⋮ From decision problems to dethroned dictators ⋮ Decentralized dynamic processes for finding equilibrium ⋮ On the existence of universally convergent mechanisms ⋮ A continuity property for local price adjustment mechanisms

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