RT Journal Article
T1 Competitive equilibrium and indivisibles
A1 Méndez Naya, Luciano
K1 Competitive equilibrium
K1 Indivisibles
K1 Cooperative games
AB This paper studies the existence of competitive equilibrium in markets with indivisibles. The basis of the paper is a theorem that relates the existence of equilibrium to the core of certain associated cooperative games. From this result, we obtain a significant improvement on a classical result in this literature. We then characterize the existence of equilibrium in a two-agent three-good economy, showing that, in this particular context, the existence of equilibrium is more likely when goods are complements than when they are substitutes.
PB Springer
YR 2026
FD 2026-03-10
LK https://hdl.handle.net/10347/46823
UL https://hdl.handle.net/10347/46823
LA eng
NO Naya, L.M. (2026). Competitive equilibrium and indivisibles. International Review of Economics, 73:11. https://doi.org/10.1007/s12232-026-00524-2
NO Open Access funding provided thanks to the CRUE-CSIC agreement with Springer Nature. This study was funded by the ERDF and the MINECO/AEI (grant number, MTM2017-87197-C3-3-P).
DS Minerva
RD 22 may 2026