聖塔非研究所

摘要 Competitive Equilibrium theory has been a widely

2015-08-18 · 已發表論文 · 更新 2026/08/30 下午12:48

摘要 Competitive Equilibrium theory has been a widely accepted and extensively used cornerstone in 經濟s for over a century. Here, we suggest a complementary model motivated by the haggling in a…

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  • 類型:已發表論文
  • 日期:2015-08-18

摘要

Competitive Equilibrium theory has been a widely accepted and extensively used cornerstone in 經濟s for over a century. Here, we suggest a complementary model motivated by the haggling in a bazaar that offers a useful, first-principle account of market behavior that better accounts for the observed outcomes in forty market experiments. The Bazaar model uses simple 隨機 processes to drive the matching of traders and the determination of price. We show that as 智能體s become more impatient, the system tends toward more Competitive-Equilibrium-like outcomes.

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