Talman, Dolf; Yang, Zaifu - In: Economics Letters 99 (2008) 2, pp. 278-281
A number of heterogeneous items are to be sold to several bidders. Each bidder demands at most one item. The price of each item is not completely flexible but restricted to some admissible interval. Due to price rigidities, a Walrasian equilibrium usually fails to exist. To facilitate the...