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A statistical duality for Random Matching of Agents

Yannacopoulos, Athanasios; Oliveira, Bruno; Ferreira, Miguel; Martins, José; Pinto, Alberto

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.

Date: 2025   |   Origin: Repositório da Universidade Portucalense
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