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A method for finding the maximal set in excess demand

Andersson, Tommy and Erlanson, Albin and Gudmundsson, Jens and Habis, Helge and Ingebretsen Carlson, Jim and Kratz, Jörgen (2014) 'A method for finding the maximal set in excess demand.' Economics Letters, 125 (1). 18 - 20. ISSN 0165-1765

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Abstract

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.

Item Type: Article
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Elements
Date Deposited: 09 Oct 2020 14:40
Last Modified: 09 Oct 2020 15:15
URI: http://repository.essex.ac.uk/id/eprint/24993

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