A Method for Finding the Maximal Set in Excess Demand

We present a polynomial time method for identifying the maximal set in excess demand at a given payoff vector. This set can be used in "large" partnership formation problems to identify the minimum element in the set of individually rational payoff vectors at which there is no overdemanded set of agents. This minimum element corresponds to the minimum Walrasian equilibrium price vector in a special case of the partnership formation problem.

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Year of publication:	2014-03-07
Authors:	Andersson, Tommy ; Erlanson, Albin ; Gudmundsson, Jens ; Habis, Helga ; Ingebretsen Carlson, Jim ; Kratz, Jörgen
Institutions:	Nationalekonomiska Institutionen, Ekonomihögskolan
Subject:	Partnership formation \| polynomial time method \| excess demand

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Forthcoming as Andersson, Tommy, Albin Erlanson, Jens Gudmundsson, Helga Habis, Jim Ingebretsen Carlson and Jörgen Kratz, 'A Method for Finding the Maximal Set in Excess Demand' in Economics Letters, 2014. The text is part of a series Working Papers Number 2014:9 7 pages
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C62 - Existence and Stability Conditions of Equilibrium
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010818641