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Portrait of Tommy Andersson. Photo.

Tommy Andersson

Professor

Portrait of Tommy Andersson. Photo.

A Method for Finding the Maximal Set in Excess Demand

Author

  • Tommy Andersson
  • Albin Erlanson
  • Jens Gudmundsson
  • Helga Habis
  • Jim Ingebretsen Carlson
  • Jörgen Kratz

Summary, in English

We present a polynomial time method for identifying the maximal set in excess demand at a given payoff vector. This set can be used in "large" partnership formation problems to identify the minimum element in the set of individually rational payoff vectors at which there is no overdemanded set of agents. This minimum element corresponds to the minimum Walrasian equilibrium price vector in a special case of the partnership formation problem.

Department/s

  • Department of Economics

Publishing year

2014

Language

English

Publication/Series

Working Paper / Department of Economics, School of Economics and Management, Lund University

Volume

9

Document type

Working paper

Publisher

Department of Economics, Lund University

Topic

  • Economics

Keywords

  • Partnership formation
  • polynomial time method
  • excess demand

Status

Published