Arrow–Debreu exchange market
id:
arrow-debreu-exchange-market-302-13060618
title:
Arrow–Debreu exchange market
text:
In theoretical economics, an Arrow–Debreu exchange market is a special case of the Arrow–Debreu model in which there is no production - there is only an exchange of already-existing goods. An Arrow–Debreu exchange market has the following ingredients: A set of m divisible products.
A set of n agents.
Each agent i = 1 , … , n , has an endowment e i , which is a set of products. Each product j has a price p j ; the prices are determined by methods described below. The price of a bundle of products
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wiki
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encyclopedia
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original url:
https://en.wikipedia.org/wiki/Arrow%E2%80%93Debreu_exchange_market
date created:
date modified:
2024-03-14T14:39:53Z
main entity:
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13
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13