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A graph theoretic approach to markets for indivisible goods

Listed author(s):
  • Caplin, Andrew
  • Leahy, John

Many important markets, such as the labor market and the housing market, involve goods that are both indivisible and of budgetary significance. We introduce new graph theoretic objects ideally suited to analyzing such markets. We show that the minimum equilibrium price is characterized by a certain optimization problem on these graph theoretic objects.

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File URL: http://www.sciencedirect.com/science/article/pii/S0304406814000500
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Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 52 (2014)
Issue (Month): C ()
Pages: 112-122

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Handle: RePEc:eee:mateco:v:52:y:2014:i:c:p:112-122
DOI: 10.1016/j.jmateco.2014.03.011
Contact details of provider: Web page: http://www.elsevier.com/locate/jmateco

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  3. Andrew Caplin & John V. Leahy, 2010. "Comparative Statics in Markets for Indivisible Goods," NBER Working Papers 16285, National Bureau of Economic Research, Inc.
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  13. Demange, Gabrielle & Gale, David & Sotomayor, Marilda, 1986. "Multi-Item Auctions," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 863-872, August.
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