Competitive equilibrium in an exchange economy with indivisibilities

被引：166

作者：

Bikhchandani, S

Mamer, JW

机构：

[1] John E. Anderson Grad. Sch. of Mgmt., University of California, Box 95181, Los Angeles, CA 90095-1481

来源：

JOURNAL OF ECONOMIC THEORY | 1997年 / 74卷 / 02期

关键词：

D O I：

10.1006/jeth.1996.2269

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We analyze an exchange economy in which (i) all commodities except money are indivisible, (ii) agents' preferences can be described by a reservation value for each bundle of indivisible objects, and (iii) all agents are price-takers. We obtain a necessary and sufficient condition under which market clearing prices exist. Implications for market mechanisms are discussed. (C) 1997 Academic Press.

引用

页码：385 / 413

页数：29

共 25 条

[1] COMMODITY BUNDLING AND BURDEN OF MONOPOLY [J].