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A note on competitive prices in multilateral assignment markets

Author

Listed:
  • Oriol Tejada

    (Universitat de Barcelona)

Abstract

A multilateral assignment market with buyers and a number of different types of firms can be modeled by a multi-sided assignment game. We prove that core allocations of the latter are in a one-to-one correspondence with competitive prices of the former, where the notion of competitive price extends that of Roth and Sotomayor (1990). This result generalizes to multi-sided assignment markets the characterization of competitive prices known for the two-sided case.

Suggested Citation

  • Oriol Tejada, 2010. "A note on competitive prices in multilateral assignment markets," Economics Bulletin, AccessEcon, vol. 30(1), pages 658-662.
  • Handle: RePEc:ebl:ecbull:eb-09-00694
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    File URL: http://www.accessecon.com/Pubs/EB/2010/Volume30/EB-10-V30-I1-P60.pdf
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    Citations

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    Cited by:

    1. O. Tejada & M. Álvarez-Mozos, 2016. "Vertical syndication-proof competitive prices in multilateral assignment markets," Review of Economic Design, Springer;Society for Economic Design, vol. 20(4), pages 289-327, December.
    2. Ata Atay & Eric Bahel & Tamás Solymosi, 2023. "Matching markets with middlemen under transferable utility," Annals of Operations Research, Springer, vol. 322(2), pages 539-563, March.
    3. O. Tejada and M. Alvarez-Mozos, 2012. "Vertical Syndication-Proof Competitive Prices in Multilateral Markets," Working Papers in Economics 283, Universitat de Barcelona. Espai de Recerca en Economia.
    4. Ata Atay & Francesc Llerena & Marina Núñez, 2016. "Generalized three-sided assignment markets: core consistency and competitive prices," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 24(3), pages 572-593, October.

    More about this item

    Keywords

    Assignment games; multi-sided markets; competitive prices; core;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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