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Title:	Can we identify Walrasian allocations?
Author:	Manresa, Antonio, 1954-
Other authors:	Universitat de Barcelona
Abstract:	[eng] We consider a discrete time, pure exchange infinite horizon economy with two or more consumers and at least one concumption good per period. Within the framework of decentralized mechanisms, we show that for a given consumption trade at any period of time, say at time one, the consumers will need, in general, an infinite dimensional (informational) space to identigy such a trade as an intemporal Walrasian one. However, we show and characterize a set of enviroments where the Walrasian trades at each period of time can be achieved as the equilibrium trades of a sequence of decentralized competitive mechanisms, using only both current prices and quantities to coordinate decisions.
Subject(s):	-Econometria -Equilibri (Economia) -Microeconomia -Macroeconomia -Economia matemàtica -Econometrics -Equilibrium (Economics) -Microeconomics -Macroeconomics -Mathematical economics
Rights:	cc-by-nc-nd, (c) Manresa, 1998 http://creativecommons.org/licenses/by-nc-nd/3.0/
Document type:	Working Paper
Published by:	Universitat de Barcelona. Facultat d'Economia i Empresa
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