Scholarlink

<p>This paper studies the existence of competitive equilibrium in markets with indivisibles. The basis of the paper is a theorem that relates the existence of equilibrium to the core of certain associated cooperative games. From this result, we obtain a significant improvement on a classical result in this literature. We then characterize the existence of equilibrium in a two-agent three-good economy, showing that, in this particular context, the existence of equilibrium is more likely when goods are complements than when they are substitutes.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Competitive equilibrium and indivisibles

  • 期刊论文

  • 出版模式：

    开放获取

  • 发表日期：

    2026年3月10日

查看全文
  • Luciano Méndez Naya

摘要

This paper studies the existence of competitive equilibrium in markets with indivisibles. The basis of the paper is a theorem that relates the existence of equilibrium to the core of certain associated cooperative games. From this result, we obtain a significant improvement on a classical result in this literature. We then characterize the existence of equilibrium in a two-agent three-good economy, showing that, in this particular context, the existence of equilibrium is more likely when goods are complements than when they are substitutes.