Verifying gross substitutability

B-Tier
Journal: Economic Theory
Year: 2002
Volume: 20
Issue: 4
Pages: 767-776

Authors (3)

Jos A.M. Potters (not in RePEc) Anita van Gellekom (not in RePEc) Hans Reijnierse (Universiteit van Tilburg)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

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

Abstract

In labor market models as well as in exchange economies with indivisible goods gross substitutability is used as a property to guarantee the existence of competitive equilibria. This paper develops an easy way to check gross substitutability for utility functions concerning a finite set of indivisible goods (or employees) and money. Concavity is one of the conditions that has to be satisfied. Only one other, but similar, type of relation must be checked to guarantee gross substitutability.

Technical Details

RePEc Handle
repec:spr:joecth:v:20:y:2002:i:4:p:767-776
Journal Field
Theory
Author Count
3
Added to Database
2026-01-29