A Method for Finding the Maximal Set in Excess Demand
We present a polynomial time method for identifying the maximal set in excess demand at a given payoff vector. This set can be used in "large" partnership formation problems to identify the minimum element in the set of individually rational payoff vectors at which there is no overdemanded set of agents. This minimum element corresponds to the minimum Walrasian equilibrium price vector in a special case of the partnership formation problem.
|Date of creation:||07 Mar 2014|
|Date of revision:|
|Publication status:||Forthcoming as Andersson, Tommy, Albin Erlanson, Jens Gudmundsson, Helga Habis, Jim Ingebretsen Carlson and Jörgen Kratz, 'A Method for Finding the Maximal Set in Excess Demand' in Economics Letters, 2014.|
|Contact details of provider:|| Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund,Sweden|
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- Tommy Andersson & Jens Gudmundsson & Dolf Talman & Zaifu Yang, 2013. "A Competitive Partnership Formation Process," Discussion Papers 13/04, Department of Economics, University of York.
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- Andersson, Tommy & Andersson, Christer & Talman, Adolphus Johannes Jan, 2010.
"Sets in Excess Demand in Ascending Auctions with Unit-Demand Bidders,"
2010:15, Lund University, Department of Economics, revised 28 Jun 2012.
- Andersson, T.D. & Andersson, C. & Talman, A.J.J., 2010. "Sets in Excess Demand in Ascending Auctions with Unit-Demand Bidders," Discussion Paper 2010-51, Tilburg University, Center for Economic Research.
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