Equilibria in Markets with Indivisible Goods

Vladimir Danilov (), G. Koshevoy and C. Lang
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G. Koshevoy: CEMI RAS, Moscow, Russia
C. Lang: FINMA, Bern, Switzerland

Journal of the New Economic Association, 2013, vol. 18, issue 2, 10-34

Abstract: We discuss the existence of equilibria in ecomomies with indivisible goods. The reasons for which existence of equilibria obtains or not are described. We discuss previous papers on this topic whose results are based on the assumption that goods are gross substitutes. Alternatively in this paper we consider the case where the goods are complement each other.

Keywords: gross substitution; complementary goods; unimodular systems; laminar systems; concave function (search for similar items in EconPapers)
JEL-codes: C62 D51 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2013:i:18:p:10-34

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