Showing 1 - 4 of 4
We establish a discrete multivariate mean value theorem for the class of positive maximum component sign preserving functions. A constructive and combinatorial proof is given based upon a simplicial algorithm and vector labeling. Moreover, we apply this theorem to a discrete nonlinear...
Persistent link: https://www.econbiz.de/10012732574
We introduce several new solution concepts for cooperative games with arbitrary coalition structure. Of our main interest are coalitions structures being so-called building sets. A collection of sets is a building set if every singleton is a member and if the union of any two non-disjoint sets...
Persistent link: https://www.econbiz.de/10013128950
This paper analyzes the problem of selling a number of indivisible items to a set of unit-demand bidders. An ascending auction mechanism called the Excess Demand Ascending Auction (EDAA) is defined. The main results demonstrate that EDAA terminates in a finite number of iterations and that the...
Persistent link: https://www.econbiz.de/10013143057
We study an economy where a collection of indivisible goods are sold to a set of buyers who want to buy at most one good. We characterize the set of Walrasian equilibrium price vectors in such an economy using sets of overdemanded and underdemanded goods. Further, we give characterizations for...
Persistent link: https://www.econbiz.de/10014055658