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In this paper we are interested in the social choice theory of allocating resources, which are available and can be consumed in integer units only. Since goods are available in integer units only, the social choice theory for such problems cannot exploit any smoothness property, which may...
Persistent link: https://www.econbiz.de/10005407583
In this paper we show that a feasible price allocation pair is a market equilibrium of a discrete market game if and only if it solves a linear programming problem. We use this result to obtain computable necessary and sufficient conditions for the existence of market equilibrium. We assume that...
Persistent link: https://www.econbiz.de/10005407584
In this paper we show that it is possible to manipulate market equilibria in an economy with profit maximizing agents (or agents with quasi-linear utility functions) by either destroying or withholding ones initial endowments.
Persistent link: https://www.econbiz.de/10005407610
In this paper we show that if all agents are equipped with well-behaved discrete concave production functions, then a feasible price allocation pair is a market equilibrium if and only if it solves a linear programming problem. Using this result we are able to obtain a necessary and sufficient...
Persistent link: https://www.econbiz.de/10005537388
This paper proves the existence of non-empty cores for directed network problems with quotas and for those combinatorial allocation problems which permit only exclusive allocations.
Persistent link: https://www.econbiz.de/10005423203
We show that a simple generalisation of the Deferred Acceptance Procedure with men proposing due to Gale and Shapley (1962) yields outcomes for a generalised marriage problem, which are necessarily stable. We also show that any outcome of this procedure is Weakly Pareto Optimal for Men, i.e....
Persistent link: https://www.econbiz.de/10005423227
We show that, given two matchings for a room-mates problem of which say the second is stable, and given a non-empty subset of agents S if (a) no agent in S prefers the first matching to the second, and (b) no agent in S and his room-mate in S under the second matching prefer each other to their...
Persistent link: https://www.econbiz.de/10005423271
This paper proves the existence of non-empty cores for directed network problems with quotas and for those combinatorial allocation problems which permit only exclusive allocations.
Persistent link: https://www.econbiz.de/10005416809
Persistent link: https://www.econbiz.de/10005462287
The purpose of this paper is to investigate the mutual compatibility of voluntary provision of public good and strategic behavior of consumers in the market for private goods. We study the existence of equilibrium private provision of a public good within general strategic equilibrium framework...
Persistent link: https://www.econbiz.de/10011187369