Tommy Andersson
Professor
A Method for Finding the Maximal Set in Excess Demand
Author
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
Links
Document type
Working paper
Publisher
Department of Economics, Lund University
Topic
- Economics
Keywords
- Partnership formation
- polynomial time method
- excess demand
Status
Published