Walrasian Equilibrium Without Complementarities

Faruk Gul and E. Stacchetti

Working Papers from Michigan - Center for Research on Economic & Social Theory

Abstract: In this paper we study the problem of ecient production and allocation of indi- visible objects among a set of consumers. We assume that the agents' preferences depend on the bundle of objects and the quantity of money they consume. Further- more, we assume that preferences are quasilinear in money, and that agents have a large endowment of money.

Keywords: PRODUCTION; ECONOMIC THEORY; ECONOMIC EQUILIBRIUM (search for similar items in EconPapers)
JEL-codes: D20 D24 (search for similar items in EconPapers)
Pages: 35 pages
Date: 1997
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:michet:97-03

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