A Graph Theoretic Approach to Markets for Indivisible Goods

Many important markets, such as the housing market, involve goods that are both indivisible and of budgetary significance. We introduce new graph theoretic techniques ideally suited to analyzing such markets. In this paper and its companion (Caplin and Leahy [2010]), we use these techniques to fully characterize the comparative static properties of these markets and to identify algorithms for computing equilibria.

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Year of publication:	2010-08
Authors:	Caplin, Andrew ; Leahy, John
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	EFG published as A Graph Theoretic Approach to Markets for Indivisible Goods (with Andrew Caplin), Journal of Mathematical Economics 52, May 2014, 112-122. Number 16284
Classification:	C63 - Computational Techniques ; D40 - Market Structure and Pricing. General ; E1 - General Aggregative Models ; R31 - Housing Supply and Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008531883