The Multiple-partners Assignment Game with Heterogeneous Sells and Multi-unit Demands: Competitive Equilibria
AbstractA multiple-partners assignment game with heterogeneous sells and multi-unit demands consists of a set of sellers that own a given number of indivisible units of (potentially many different) goods and a set of buyers who value those units and want to buy at most an exogenously fixed number of units. We define a competitive equilibrium for this generalized assignment game and prove its existence by only using linear programming. We show that the set of competitive equilibria (pairs of price vectors and assignments) has a Cartesian product structure: each equilibrium price vector is part of a competitive equilibrium with all equilibrium assignments, and vice versa. We also show that the set of (restricted) equilibrium price vectors has a natural lattice structure and we study how this structure is translated into the set of agents' utilities that are attainable at equilibrium.
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Bibliographic InfoPaper provided by Barcelona Graduate School of Economics in its series Working Papers with number 389.
Date of creation: Jul 2009
Date of revision:
Matching; Assignment Game; Indivisible Goods; Competitive Equilibrium; Lattice;
Other versions of this item:
- Daniel Jaume & Jordi Massó & Alejandro Neme, 2009. "The Multiple-partners Assignment Game with Heterogeneous Sells and Multi-unit Demands: Competitive Equilibria," UFAE and IAE Working Papers 802.09, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Daniel Jaume & Jordi Massó & Alejandro Neme, 2010. "The Multiple-partners Assignment Game with Heterogeneous Sales and Multi-unit Demands: Competitive Equilibria," UFAE and IAE Working Papers 808.10, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
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- Sotomayor, Marilda, 2003. "Some further remark on the core structure of the assignment game," Mathematical Social Sciences, Elsevier, vol. 46(3), pages 261-265, December.
- Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
- Marilda Sotomayor, 1999. "The lattice structure of the set of stable outcomes of the multiple partners assignment game," International Journal of Game Theory, Springer, vol. 28(4), pages 567-583.
- Leonard, Herman B, 1983. "Elicitation of Honest Preferences for the Assignment of Individuals to Positions," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 461-79, June.
- Jordi Massó & Alejandro Neme, 2010. "On Cooperative Solutions of a Generalized Assignment Game: Limit Theorems to the Set of Competitive Equilibria," UFAE and IAE Working Papers 810.10, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
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