Bonnisseau, Jean-Marc; Nguenamadji, Orntangar - In: Economic Theory 52 (2013) 3, pp. 1091-1100
In an exchange economy, we define a discrete exchange process, which is Walrasian, since the trades are determined by the equilibrium allocation of the local equilibrium. We prove that this process attains a Pareto optimal allocation after a finite number of steps and the local equilibrium price...
