What is the role of a broker (Walrasian auctioneer) in the dynamic Arrow- Hurwicz model?

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Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics

ISBN: 9783031105531

1st Edition

Authors: Krzysztof Malaga, Karolina Sobczak

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Question Posted: Jan 31, 2024 02:00 AM

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What is the role of a broker (Walrasian auctioneer) in the dynamic Arrow- Hurwicz model?

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The ArrowHurwicz model is named after economists Kenneth Arrow and Leonid Hurwicz Its a dynamic decentralized market where each agent maximizes their ...View the full answer

Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics

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