Strong substitutes: structural properties, and a new algorithm for competitive equilibrium prices

We show the strong substitutes product-mix auction bidding language provides an intuitive and geometric interpretation of strong substitutes as Minkowski differences between sets that are easy to identify. We prove that competitive equilibrium prices for agents with strong substitutes preferences ca...

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Bibliographic Details
Main Authors: Baldwin, E, Bichler, M, Fichtl, M, Klemperer, P
Format: Journal article
Language:English
Published: Springer 2022