Can Markets Compute Equilibria? /

Recent turmoil in financial and commodities markets has renewed questions regarding how well markets discover equilibrium prices, particularly when those markets are highly complex. A relatively new critique questions whether markets can realistically find equilibrium prices if computers cannot. For...

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Bibliographic Details
Main Author: Monroe, Hunter
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/024
Subjects:
Online Access:Full text available on IMF