論文

査読有り
2020年3月

An assignment model with local constraints: Competitive equilibrium and ascending auction

Economics Letters
  • Lijun Pan
  • ,
  • Linyu Peng
  • ,
  • Yu Zhou

188
記述言語
掲載種別
研究論文(学術雑誌)
DOI
10.1016/j.econlet.2019.108905

We consider an assignment model where each agent has unit-demand quasi-linear preferences and may face some local constraint, i.e., her possible assignment is restricted to a subset of items. Our model takes the assignment models without and with outside options, e.g., Andersson (2007) and Andersson et al. (2013), as special cases. We show that local constraints may lead to the non-existence of competitive equilibrium (CE), and provide a sufficient and necessary condition that ensures its existence. We establish the lattice of CE prices. Besides, an ascending auction is proposed, either finding a CE or validating its non-existence in finitely many steps. It generalizes Andersson et al. (2013)’s auction by adjusting increments stepwise.

リンク情報
DOI
https://doi.org/10.1016/j.econlet.2019.108905
Scopus
https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85077355223&origin=inward
Scopus Citedby
https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=85077355223&origin=inward
URL
http://orcid.org/0000-0002-9255-8575
ID情報
  • DOI : 10.1016/j.econlet.2019.108905
  • ISSN : 0165-1765
  • ORCIDのPut Code : 67077381
  • SCOPUS ID : 85077355223

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