A graph theoretic approach to markets for indivisible goods

Many important markets, such as the labor market and the housing market, involve goods that are both indivisible and of budgetary significance. We introduce new graph theoretic objects ideally suited to analyzing such markets. We show that the minimum equilibrium price is characterized by a certain optimization problem on these graph theoretic objects.

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Year of publication:	2014
Authors:	Caplin, Andrew ; Leahy, John
Published in:	Journal of Mathematical Economics. - Elsevier, ISSN 0304-4068. - Vol. 52.2014, C, p. 112-122
Publisher:	Elsevier
Subject:	Indivisibilities \| Competitive equilibrium \| NTU \| Graph theory

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010785390