A Graph Theoretic Approach to Markets for Indivisible Goods
Many important markets, such as the housing market, involve goods that are both indivisible and of budgetary significance. We introduce new graph theoretic techniques ideally suited to analyzing such markets. In this paper and its companion (Caplin and Leahy ), we use these techniques to fully characterize the comparative static properties of these markets and to identify algorithms for computing equilibria.
|Date of creation:||Aug 2010|
|Date of revision:|
|Publication status:||published as A Graph Theoretic Approach to Markets for Indivisible Goods (with Andrew Caplin), Journal of Mathematical Economics 52, May 2014, 112-122.|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
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- Kaneko, Mamoru & Ito, Tamon & Osawa, Yu-ichi, 2006. "Duality in comparative statics in rental housing markets with indivisibilities," Journal of Urban Economics, Elsevier, vol. 59(1), pages 142-170, January.
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- 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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