A Method for Finding the Maximal Set in Excess Demand

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

Research output: Working paper/PreprintWorking paper

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.
Original languageEnglish
PublisherDepartment of Economics, Lund University
Number of pages7
Volume9
Publication statusPublished - 2014

Publication series

NameWorking Paper / Department of Economics, School of Economics and Management, Lund University
Volume9

Subject classification (UKÄ)

  • Economics

Free keywords

  • Partnership formation
  • polynomial time method
  • excess demand

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