EQUILIBRIUM, AUCTION, AND GENERALIZED GROSS SUBSTITUTES AND COMPLEMENTS
EQUILIBRIUM, AUCTION, AND GENERALIZED GROSS SUBSTITUTES AND COMPLEMENTS
复制标题
DOI:
10.15807/jorsj.58.410
复制
发表时间:
2015-10
影响因子:
--
通讯作者:
A. Shioura;Zaifu Yang
中科院分区:
文献类型:
--
作者:
A. Shioura;Zaifu Yang
We study a market model where there are many 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. A general condition is introduced to guarantee the existence of a Walrasian equilibrium and generalize gross substitutes, strong substitutes, and gross substitutes and complements conditions. Several characterizations of this new condition are identified. A price adjustment process is proposed which converges globally to a Walrasian equilibrium.