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We examine an auction model where there are many different goods, each good has multiple units, and bidders have gross substitutes valuations over the goods. We analyze the number of iterations in iterative auction algorithms for the model based on the theory of discrete convex analysis. By...
Persistent link: https://www.econbiz.de/10011124369
We study a market model where there are n different types of indivisible goods for sale. The goods can be substitutable or complementary. There are multiple units of each good. Each agent may consume several goods and has quasi-linear utilities in money. We introduce a general condition which...
Persistent link: https://www.econbiz.de/10010678502
We address the problem of computing a Walrasian equilibrium price in an ascending auction with gross substitutes valuations. In particular, an auction market is considered where there are multiple differentiated goods and each good may have multiple units. Although the ascending auction is known...
Persistent link: https://www.econbiz.de/10010679667