Existence of Equilibrium for Integer Allocation Problems
10 Pages Posted: 27 Dec 2005
Date Written: September 12, 2006
Abstract
We show that for multi-unit auctions, of which bundle auctions are a special case, market equilibrium and constrained market equilibrium are equivalent concepts. This equivalence, allows us to obtain a computable necessary and sufficient condition for the existence of (constrained) market equilibrium for multi-unit auctions.
Keywords: existence, market equilibrium, linear programming
JEL Classification: C61, C62, C63, C68
Suggested Citation: Suggested Citation
Lahiri, Somdeb, Existence of Equilibrium for Integer Allocation Problems (September 12, 2006). Available at SSRN: https://ssrn.com/abstract=871386 or http://dx.doi.org/10.2139/ssrn.871386
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