Characterization of the Walrasian equilibria of the assignment model

B-Tier
Journal: Journal of Mathematical Economics
Year: 2010
Volume: 46
Issue: 1
Pages: 6-20

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 sufficient 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.

Technical Details

RePEc Handle
repec:eee:mateco:v:46:y:2010:i:1:p:6-20
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26