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Walrasian's characterization and a universal ascending auction

Oren Ben-Zwi

Games and Economic Behavior, 2017, vol. 104, issue C, 456-467

Abstract: We introduce a novel characterization of all Walrasian price vectors in terms of over- and under demanded sets for monotone gross substitute combinatorial auctions.

Keywords: Ascending auctions; Characterization; Gross substitute; Walrasian (search for similar items in EconPapers)
JEL-codes: D44 D59 D69 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:eee:gamebe:v:104:y:2017:i:c:p:456-467