A Statistical Duality for Random Matching of Agents
ABSTRACT We propose a statistical duality among the preferences and endowments of the agents. Under this duality, the logarithmic prices of random trades among agents in a decentralized economy converge in expectation to the logarithm of the Walrasian equilibrium price in a centralized economy.
Authors
- Athanasios N. Yannacopoulos (ORCID: https://orcid.org/0000-0001-9489-4268)
- Alberto A. Pinto (ORCID: https://orcid.org/0000-0003-2953-6688)
- Bruno Oliveira (ORCID: https://orcid.org/0000-0002-7710-4284)
- José Martins (ORCID: https://orcid.org/0000-0002-0556-7861)
- Miguel Ferreira (ORCID: https://orcid.org/0000-0003-0570-6259)
Institutions
- Instituto Politécnico de Leiria (PT)
- Universidade do Porto (PT)
- Universidade Portucalense (PT)
- INESC TEC (PT)
- Athens University of Economics and Business (GR)
Publication Details
- Journal
- Mathematical Methods in the Applied Sciences
- Published
- 2025-05-06
- DOI
- https://doi.org/10.1002/mma.11035
- Primary Topic
- Game Theory and Applications
- Type
- article
- Field-Weighted Citation Impact
- 0.00