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Edgeworth's limit theorem is an economic theorem created by Francis Ysidro Edgeworth that examines a range of possible outcomes which may result from free market exchange or barter between groups of people. It shows that while the precise location of the final settlement (the ultimate division of goods) between the parties is indeterminate, there is a range of potential outcomes which shrinks as the number of traders increases.

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  • Edgeworth's limit theorem
  • Edgeworth’s Limit Theorem
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  • Edgeworth's limit theorem is an economic theorem created by Francis Ysidro Edgeworth that examines a range of possible outcomes which may result from free market exchange or barter between groups of people. It shows that while the precise location of the final settlement (the ultimate division of goods) between the parties is indeterminate, there is a range of potential outcomes which shrinks as the number of traders increases.
  • Edgeworth’s Limit Theorem (Edgeworth Kontraktion) ist ein Theorem von Francis Ysidro Edgeworth (* 8. Februar 1845 in Edgeworthstown, County Longford, Irland; † 13. Februar 1926 in Oxford, Oxfordshire, England), das das Spektrum möglicher, aus freiem Tausch entstehender, Allokationen beschreibt. Die Determiniertheit des Ergebnisses ist dem Theorem nach abhängig von der Menge der im Markt agierenden Individuen. Mit steigender Anzahl der Marktteilnehmer konvergieren die möglichen Ergebnisse gegen eine bestimmte Allokation.
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  • Edgeworth's limit theorem is an economic theorem created by Francis Ysidro Edgeworth that examines a range of possible outcomes which may result from free market exchange or barter between groups of people. It shows that while the precise location of the final settlement (the ultimate division of goods) between the parties is indeterminate, there is a range of potential outcomes which shrinks as the number of traders increases.
  • Edgeworth’s Limit Theorem (Edgeworth Kontraktion) ist ein Theorem von Francis Ysidro Edgeworth (* 8. Februar 1845 in Edgeworthstown, County Longford, Irland; † 13. Februar 1926 in Oxford, Oxfordshire, England), das das Spektrum möglicher, aus freiem Tausch entstehender, Allokationen beschreibt. Die Determiniertheit des Ergebnisses ist dem Theorem nach abhängig von der Menge der im Markt agierenden Individuen. Mit steigender Anzahl der Marktteilnehmer konvergieren die möglichen Ergebnisse gegen eine bestimmte Allokation.
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