A graph theoretic approach to markets for indivisible goods

Andrew Caplin and John Leahy

Journal of Mathematical Economics, 2014, vol. 52, issue C, 112-122

Abstract: Many important markets, such as the labor market and the housing market, involve goods that are both indivisible and of budgetary significance. We introduce new graph theoretic objects ideally suited to analyzing such markets. We show that the minimum equilibrium price is characterized by a certain optimization problem on these graph theoretic objects.

Keywords: Indivisibilities; Competitive equilibrium; NTU; Graph theory (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (8)

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Related works:
Working Paper: A Graph Theoretic Approach to Markets for Indivisible Goods (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:52:y:2014:i:c:p:112-122

DOI: 10.1016/j.jmateco.2014.03.011

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