Crockett, Sean; Spear, Stephen; Sunder, Shyam - In: Journal of Mathematical Economics 44 (2008) 7-8, pp. 651-671
We consider a pure exchange economy repeated from a fixed endowment for an indefinite number of periods and posit a learning rule which directs convergence to competitive equilibrium. In each period trade converges to an allocation in the contract set, where agents interpret the current (common)...