English, Article, Journal or magazine article edition: Characterization of the walrasian equilibria of the assignment model Debasis Mishra; Dolf Talman

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Bookmark: http://trove.nla.gov.au/version/5059
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Characterization of the walrasian equilibria of the assignment model
Author
  • Debasis Mishra
  • Dolf Talman
Physical Description
  • preprint
Notes
  • We study the assignment model where a collection of indivisible goods are sold to a set of buyers who want to buy at most one good. We characterize the extreme and interior points of the set of Walrasian equilibrium price vectors for this model. Our characterizations are in terms of demand sets of buyers. Using these characterizations, we also give a unique characterization of the minimum and the maximum Walrasian equilibrium price vectors. Also, necessary and suncient conditions are given under which the interior of the set of Walrasian equilibrium price vectors is non-empty. Several of the results are derived by interpreting Walrasian equilibrium price vectors as potential functions of an appropriate directed graph.
  • RePEc:ind:isipdp:08-07
Language
  • English
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