haku: @indexterm COMPETITIVE EQUILIBRIUM / yhteensä: 19
viite: 16 / 19
| Tekijä: | Bikhchandani, S. Mamer, J. W. |
| Otsikko: | Competitive equilibrium in an exchange economy with indivisibilities |
| Lehti: | Journal of Economic Theory
1997 : JUN, VOL. 74:2, p. 385-413 |
| Asiasana: | COMPETITIVE EQUILIBRIUM ECONOMIC SYSTEMS SELLING |
| Kieli: | eng |
| Tiivistelmä: | This paper explores an exchange economy in which commodities except money are indivisible, agents' preference are described by a reservation value for each bundle of indivisible objects, and all agents are price-takers. A necessary and sufficient condition in which market clearing prices exist is obtained. The paper also discusses implications for market mechanisms. |
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