Gintis (2007, 'The Dynamics of General Equilibrium'', Economic Journal 117 (523) , 1280–1309) provides an agent-based model of a Walrasian economy where the tâtonnement is replaced by imitation. His simulations show that the economy converges to the Walrasian equilibrium. Gintis concludes...

This note extends the analysis of imprimitive indecomosable economies (e.g.~Nikaido, 1968, 1970) to the case of economies represented by a decomposable matrix. Using graph theory we show that imprimitivity leads to cyclical production lags also in decomposable economies, although in such a case...

Gintis (2007, 'The Dynamics of General Equilibrium'', Economic Journal 117 (523) , 1280–1309) provides an agent-based model of a Walrasian economy where the tâtonnement is replaced by imitation. His simulations show that the economy converges to the Walrasian equilibrium. Gintis concludes...

This note extends the analysis of imprimitive indecomosable economies (e.g.~Nikaido, 1968, 1970) to the case of economies represented by a decomposable matrix. Using graph theory we show that imprimitivity leads to cyclical production lags also in decomposable economies, although in such a case...