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- W3122423839 abstract "We define a class of pure exchange Edgeworth trading processes that under minimal assumptions converge to a stable set in the space of allocations, and characterise the Pareto set of these processes. Choosing a specific process belonging to this class, that we define fair trading, we analyse the trade dynamics between agents located on a weighted network. We determine the conditions under which there always exists a one-to-one map between the set of networks and the set of stable equilibria. This result is used to understand what is the effect of the network topology on the trade dynamics and on the final allocation. We find that the positions in the network affect the distribution of the utility gains, given the initial allocations" @default.
- W3122423839 created "2021-02-01" @default.
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- W3122423839 date "2018-03-23" @default.
- W3122423839 modified "2023-09-27" @default.
- W3122423839 title "Edgeworth trading on networks" @default.
- W3122423839 hasPublicationYear "2018" @default.
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