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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. Jinpeng Ma, 1997. "Walrasian Equilibria in a Production Economy with Indivisibilities," Departmental Working Papers 199712, Rutgers University, Department of Economics.
  2. Jinpeng Ma, 1997. "English Auctions and Walrasian Equilibria with Multiple Objects: a dynamic approach," Departmental Working Papers 199702, Rutgers University, Department of Economics.
  3. 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.
  4. Peter R. Wurman & Michael P. Wellman, 1999. "Equilibrium Prices in Bundle Auctions," Working Papers 99-09-064, Santa Fe Institute.
  5. 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.
  6. Jinpeng Ma, 1998. "Competitive Equilibrium with Indivisibilities," Departmental Working Papers 199809, Rutgers University, Department of Economics.

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