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A mechanism for package allocation problems with gross substitutes

dc.contributor.authorNúñez, Marina (Núñez Oliva)
dc.contributor.authorRafels, Carles
dc.contributor.authorRobles Jiménez, Francisco Javier
dc.date.accessioned2020-03-31T10:42:44Z
dc.date.available2023-03-31T05:10:23Z
dc.date.issued2020-03
dc.date.updated2020-03-31T10:42:45Z
dc.description.abstractWe 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.
dc.format.extent9 p.
dc.format.mimetypeapplication/pdf
dc.identifier.idgrec694710
dc.identifier.issn0304-4068
dc.identifier.urihttps://hdl.handle.net/2445/154514
dc.language.isoeng
dc.publisherElsevier B.V.
dc.relation.isformatofVersió postprint del document publicat a: https://doi.org/10.1016/j.jmateco.2019.11.002
dc.relation.ispartofJournal of Mathematical Economics, 2020, vol. 87, num. March, p. 6-14
dc.relation.urihttps://doi.org/10.1016/j.jmateco.2019.11.002
dc.rightscc-by-nc-nd (c) Elsevier B.V., 2020
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es
dc.sourceArticles publicats en revistes (Matemàtica Econòmica, Financera i Actuarial)
dc.subject.classificationEconomia matemàtica
dc.subject.classificationAssignació d'actius
dc.subject.classificationEquilibri (Economia)
dc.subject.otherMathematical economics
dc.subject.otherAsset allocation
dc.subject.otherEquilibrium (Economics)
dc.titleA mechanism for package allocation problems with gross substitutes
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/acceptedVersion

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