MISTAKES IN COOPERATION: THE S TOCHASTIC STABILITY OF EDGEWORTH'S R ECONTRACTING*

作者: Oscar Volij , Roberto Serrano

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摘要: We analyse a dynamic trading process of coalitional recontracting in an exchange economy with indivisible goods, where agents may make mistakes small probability. According to this process, the resistance transition from one allocation another is function number who and seriousness each mistake. If preferences are always strict, unique stochastically stable state competitive equilibrium allocation. In economies indifferences, non-core cycles sometimes stable, while some core allocations not. The robustness these results confirmed weak process.

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