Gross substitutes and endowed assignment valuations
Gross substitutes and endowed assignment valuations
复制标题
总替代和赋予任务估值
DOI:
10.3982/te1840
复制
发表时间:
2015
影响因子:
1.7
通讯作者:
R. Leme
中科院分区:
文献类型:
--
作者:
M. Ostrovsky;R. Leme
We show that the class of preferences satisfying the Gross Substitutes condition of Kelso and Crawford (1982) is strictly larger than the class of Endowed Assignment Valuations of Hatfield and Milgrom (2005), thus resolving the open question posed by the latter paper. In particular, our result implies that not every substitutable valuation function can be "decomposed" into a combination of unit-demand valuations.