English, Article, Journal or magazine article edition: Overdemand and underdemand in economies with indivisible goods and unit demand Debasis Mishra; Dolf Talman

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Bookmark: http://trove.nla.gov.au/version/5052
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Overdemand and underdemand in economies with indivisible goods and unit demand
Author
  • Debasis Mishra
  • Dolf Talman
Physical Description
  • preprint
Notes
  • We study an economy where a collection of indivisible goods are sold to a set of buyers who want to buy at most one good. We characterize the set of Walrasian equilibrium price vectors in such an economy using sets of overdemanded and underdemanded goods. Further, we give characterizations for the minimum and the maximum Walrasian equilibrium price vectors of this economy. Using our characterizations, we give a suncient set of rules that generates a broad class of ascending and descending auctions in which truthful bidding is an ex post Nash equilibrium.
  • RePEc:ind:isipdp:07-03
Language
  • English
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