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
Authors:	Andersson, T. ; Erlanson, A. ; Gudmundsson, J. ; Habis, H. ; Ingebretsen Carlson, J. ; Kratz, J.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 125.2014, 1, p. 18-20
Publisher:	Elsevier
Subject:	Partnership formation \| Polynomial time method \| Excess demand

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Type of publication:	Article
Classification:	C6 - Mathematical Methods and Programming ; D4 - Market Structure and Pricing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011041594