A Statistical Duality for Random Matching of Agents
Athanasios Yannacopoulos
Department of Statistics, Athens University of Economics and Business, Athens, Greece
Contribution: Conceptualization, Methodology, Formal analysis, Writing - original draft
Search for more papers by this authorBruno Oliveira
LIAAD–INESC TEC, Porto, Portugal
Faculty of Nutrition and Food Sciences, University of Porto, Porto, Portugal
Contribution: Conceptualization, Methodology, Formal analysis, Writing - original draft
Search for more papers by this authorMiguel Ferreira
Universidade Portucalense, Porto, Portugal
ISAG—European Business School, Porto, Portugal
Contribution: Conceptualization, Methodology, Formal analysis, Writing - original draft
Search for more papers by this authorJosé Martins
LIAAD–INESC TEC, Porto, Portugal
School of Technology and Management, Polytechnic of Leiria, Leiria, Portugal
Contribution: Conceptualization, Methodology, Formal analysis, Writing - original draft
Search for more papers by this authorCorresponding Author
Alberto Pinto
LIAAD–INESC TEC, Porto, Portugal
Department of Mathematics, Faculty of Sciences, University of Porto, Porto, Portugal
Correspondence:
Alberto Pinto ([email protected])
Contribution: Conceptualization, Methodology, Formal analysis, Writing - original draft
Search for more papers by this authorAthanasios Yannacopoulos
Department of Statistics, Athens University of Economics and Business, Athens, Greece
Contribution: Conceptualization, Methodology, Formal analysis, Writing - original draft
Search for more papers by this authorBruno Oliveira
LIAAD–INESC TEC, Porto, Portugal
Faculty of Nutrition and Food Sciences, University of Porto, Porto, Portugal
Contribution: Conceptualization, Methodology, Formal analysis, Writing - original draft
Search for more papers by this authorMiguel Ferreira
Universidade Portucalense, Porto, Portugal
ISAG—European Business School, Porto, Portugal
Contribution: Conceptualization, Methodology, Formal analysis, Writing - original draft
Search for more papers by this authorJosé Martins
LIAAD–INESC TEC, Porto, Portugal
School of Technology and Management, Polytechnic of Leiria, Leiria, Portugal
Contribution: Conceptualization, Methodology, Formal analysis, Writing - original draft
Search for more papers by this authorCorresponding Author
Alberto Pinto
LIAAD–INESC TEC, Porto, Portugal
Department of Mathematics, Faculty of Sciences, University of Porto, Porto, Portugal
Correspondence:
Alberto Pinto ([email protected])
Contribution: Conceptualization, Methodology, Formal analysis, Writing - original draft
Search for more papers by this authorFunding: This work is financed by National Funds through the Portuguese funding agency, FCT - Fundação para a Ciência e a Tecnologia, within project LA/P/0063/2020.
ABSTRACT
We propose a statistical duality among the preferences and endowments of the agents. Under this duality, the logarithmic prices of random trades among agents in a decentralized economy converge in expectation to the logarithm of the Walrasian equilibrium price in a centralized economy.
Conflicts of Interest
The authors declare no conflicts of interest.
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