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, Tommy ; Erlanson, Albin ; Gudmundsson, Jens ; Habis, Helga ; Ingebretsen Carlson, Jim ; Kratz, Jörgen
Publisher:	Lund : Lund University, School of Economics and Management, Department of Economics
Subject:	Partnership formation \| polynomial time method \| excess demand

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Series:	Working Paper ; 2014:9
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	780779703 [GVK] hdl:10419/260106 [Handle] RePEc:hhs:lunewp:2014_009 [RePEc]
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C62 - Existence and Stability Conditions of Equilibrium
Source:	EconStor

Persistent link: https://www.econbiz.de/10013208677