Gross substitutes and complements: A simple generalization

We extend the gross substitutes and complements framework (Sun and Yang, 2006). Competitive equilibrium with indivisible goods exists under significantly weaker, intuitive and interpretable conditions. A generalized dynamic double-track procedure (Sun and Yang, 2008, 2009) finds the competitive equilibrium outcome.

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Year of publication:	2014
Authors:	Teytelboym, Alexander
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 123.2014, 2, p. 135-138
Publisher:	Elsevier
Subject:	Indivisibilities \| Competitive equilibrium \| Gross substitutes and complements \| Auctions

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Type of publication:	Article
Classification:	D44 - Auctions ; D51 - Exchange and Production Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010906374