A graph theoretic approach to markets for indivisible goods

被引:6
|
作者
Caplin, Andrew [1 ]
Leahy, John [1 ]
机构
[1] NYU, New York, NY 10003 USA
关键词
Indivisibilities; Competitive equilibrium; NTU; Graph theory; COMPARATIVE STATICS; COMPUTATION;
D O I
10.1016/j.jmateco.2014.03.011
中图分类号
F [经济];
学科分类号
02 ;
摘要
Many important markets, such as the labor market and the housing market, involve goods that are both indivisible and of budgetary significance. We introduce new graph theoretic objects ideally suited to analyzing such markets. We show that the minimum equilibrium price is characterized by a certain optimization problem on these graph theoretic objects. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码:112 / 122
页数:11
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