What is the role of a broker (Walrasian auctioneer) in the dynamic Arrow- Hurwicz model?
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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
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Related Book For
Microeconomics Static And Dynamic Analysis Springer Texts In Business And Economics
ISBN: 9783031105531
1st Edition
Authors: Krzysztof Malaga, Karolina Sobczak
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