Equilibria in Markets with Indivisible Goods
We discuss the existence of equilibria in ecomomies with indivisible goods. The reasons for which existence of equilibria obtains or not are described. We discuss previous papers on this topic whose results are based on the assumption that goods are gross substitutes. Alternatively in this paper we consider the case where the goods are complement each other.
Volume (Year): 18 (2013)
Issue (Month): 2 ()
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- Henry, Claude, 1970. "Indivisibilites dans une Economie d'Echanges. (With English summary.)," Econometrica, Econometric Society, vol. 38(3), pages 542-58, May.
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9720, University of California, Davis, Department of Economics.
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- Gul, Faruk & Stacchetti, Ennio, 1999. "Walrasian Equilibrium with Gross Substitutes," Journal of Economic Theory, Elsevier, vol. 87(1), pages 95-124, July.
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