Please use this identifier to cite or link to this item:
http://hdl.handle.net/2445/154514| Title: | A mechanism for package allocation problems with gross substitutes |
| Author: | Núñez, Marina (Núñez Oliva) Rafels, Carles Robles Jiménez, Francisco Javier |
| Keywords: | Economia matemàtica Assignació d'actius Equilibri (Economia) Mathematical economics Asset allocation Equilibrium (Economics) |
| Issue Date: | Mar-2020 |
| Publisher: | Elsevier B.V. |
| Abstract: | We consider a package allocation problem in which a seller owns many indivisible objects and the rest of the agents, buyers, are interested in packages of these objects. Buyers' valuations satisfy monotonicity and the gross substitutes condition (Kelso and Crawford, 1982). The aim of this paper is to analyze the following mechanism: simultaneously, each buyer requests to the seller a package by announcing how much he would pay for it; once buyers have played, the seller decides the final assignment of packages and the prices, as long as this assignment makes no buyer worse off than with his initial request. The subgame perfect equilibrium outcomes of the mechanism correspond to the Vickrey outcome (Vickrey, 1961) of the market. |
| Note: | Versió postprint del document publicat a: https://doi.org/10.1016/j.jmateco.2019.11.002 |
| It is part of: | Journal of Mathematical Economics, 2020, vol. 87, num. March, p. 6-14 |
| URI: | http://hdl.handle.net/2445/154514 |
| Related resource: | https://doi.org/10.1016/j.jmateco.2019.11.002 |
| ISSN: | 0304-4068 |
| Appears in Collections: | Articles publicats en revistes (Matemàtica Econòmica, Financera i Actuarial) |
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