Substitute valuations, auctions, and equilibrium with discrete goods
For economies in which goods are available in several (discrete) units, this paper identifies two notions of substitutes. The weaker notion guarantees monotonicity of tatonnement processses and convergence of clock auctions to a pseudo-equilibrium, but only the stronger notion, which treats each uni...
| 主要な著者: | , |
|---|---|
| フォーマット: | Working paper |
| 出版事項: |
University of Oxford
2007
|