Competitive Equilibrium in an Exchange Economy with Indivisibilities
作者： Sushil Bikhchandani , John W. Mamer
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摘要: Abstract We analyze an exchange economy in which (i) all commodities except money are indivisible, (ii) agents' preferences can be described by a reservation value for each bundle of indivisible objects, and (iii) agents price-takers. obtain necessary sufficient condition under market clearing prices exist. Implications mechanisms discussed.Journal Economic LiteratureClassification Numbers: D51, C78.
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