Document type

Article

Version

Accepted version

Publication date

All rights reserved

Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/106682

Generalized three-sided assignment markets: core consistency and competitive prices

Journal Title

Director/Tutor

Additional contribution

Journal ISSN

Volume Title

Abstract

A generalization of the classical three-sided assignment market is considered, where value is generated by pairs or triplets of agents belonging to different sectors, as well as by individuals. For these markets we represent the situation that arises when some agents leave the market with some payoff by means of a generalization of Owen (Ann Econ Stat 25-26:71-79, 1992) derived market. Consistency with respect to the derived market, together with singleness best and individual anti-monotonicity, axiomatically characterize the core for these generalized three-sided assignment markets. When one sector is formed by buyers and the other by two different type of sellers, we show that the core coincides with the set of competitive equilibrium payoff vectors.

Citation

Citation

ATAY, Ata, LLERENA GARRÉS, Francesc and NÚÑEZ, Marina (Núñez Oliva). Generalized three-sided assignment markets: core consistency and competitive prices. TOP. 2016. Vol. 24, num. 3, pags. 572-593. ISSN 1134-5764. [consulted: 9 of October of 2026]. Available at: https://hdl.handle.net/2445/106682

Export metadata

JSON - METS

Share record