tatonnement

See also: tâtonnement

English

Etymology

Borrowed from French tâtonnement (“groping”).

Noun

tatonnement (plural tatonnements)

  1. (economics) An iterative auction process by which an exchange equilibrium is imagined to be achieved.
    • 2024, Burkhard Heer, Alfred Maußner, Dynamic General Equilibrium Modeling: Computational Methods and Applications, third edition, Springer, →ISBN, page 503:
      Alternatively, we may use a tatonnement algorithm guessing an initial sequence and updating it after each iteration [.]

See also

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