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Walrasian Equilibrium Without Complementarities

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Author Info

  • Gul, F.
  • Stacchetti, E.

Abstract

In this paper we study the problem of ecient production and allocation of indi- visible objects among a set of consumers. We assume that the agents' preferences depend on the bundle of objects and the quantity of money they consume. Further- more, we assume that preferences are quasilinear in money, and that agents have a large endowment of money.

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Bibliographic Info

Paper provided by Michigan - Center for Research on Economic & Social Theory in its series Papers with number 97-03.

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Length: 35 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:michet:97-03

Contact details of provider:
Postal: UNIVERSITY OF MICHIGAN, DEPARTMENT OF ECONOMICS CENTER FOR RESEARCH ON ECONOMIC AND SOCIAL THEORY, ANN ARBOR MICHIGAN U.S.A.

Related research

Keywords: PRODUCTION ; ECONOMIC THEORY ; ECONOMIC EQUILIBRIUM;

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Cited by:
  1. Lahiri, Somdeb, 2008. "Envy-free solutions, Non-linear equilibrium and Egalitarian-equivalence for the Package Assignment Problem," MPRA Paper 8444, University Library of Munich, Germany.
  2. Jinpeng Ma, 1997. "Walrasian Equilibria in a Production Economy with Indivisibilities," Departmental Working Papers 199712, Rutgers University, Department of Economics.
  3. Peter R. Wurman & Michael P. Wellman, 1999. "Equilibrium Prices in Bundle Auctions," Working Papers 99-09-064, Santa Fe Institute.
  4. Jinpeng Ma, 1998. "Competitive Equilibrium with Indivisibilities," Departmental Working Papers 199809, Rutgers University, Department of Economics.
  5. William E. Walsh & Michael P. Wellman, 1999. "Efficiency and Equilibrium in Task Allocation Economics with Hierarchical Dependencies," Working Papers 99-07-049, Santa Fe Institute.
  6. Jinpeng Ma, 1997. "English Auctions and Walrasian Equilibria with Multiple Objects: a dynamic approach," Departmental Working Papers 199702, Rutgers University, Department of Economics.

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