Tommy Andersson
Professor
A Method for Finding the Maximal Set in Excess Demand
Författare
Summary, in English
We present a polynomial time method for identifying the maximal set in excess demand at a given payoff vector. This set can be used in "large" partnership formation problems to identify the minimum element in the set of individually rational payoff vectors at which there is no overdemanded set of agents. This minimum element corresponds to the minimum Walrasian equilibrium price vector in a special case of the partnership formation problem.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2014
Språk
Engelska
Publikation/Tidskrift/Serie
Working Paper / Department of Economics, School of Economics and Management, Lund University
Volym
9
Länkar
Dokumenttyp
Working paper
Förlag
Department of Economics, Lund University
Ämne
- Economics
Nyckelord
- Partnership formation
- polynomial time method
- excess demand
Status
Published