Bosch-Domenech, Antoni; Sunder, Shyam - In: Computational Economics 16 (2000) 3, pp. 257-284
Economics is the science of want and scarcity. We show that want and scarcity, operating within a simple exchange institution (double auction), can be sufficient for an economy consisting of multiple inter-related markets to attain competitive equilibrium (CE). We generalize Gode and Sunder‘s...