A computational analysis of the core of a trading economy with three competitive equilibria

Alok Kumar () and Martin Shubik
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Alok Kumar: Yale

Economics Bulletin, 2001, vol. 28, issue 4, A0

Abstract: An exchange economy with three equilibrium points is considered. The core of this economy is studied under replication. It is shown that the core splits into separate segments after 5 and then 12 replications and that convergences proceeds at different rates towards the three equilibria.

JEL-codes: C7 D5 (search for similar items in EconPapers)
Date: 2001-02-04
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