RT Journal Article
T1 Competitive Equilibrium and Indivisibles
A1 Méndez Naya, Luciano
K1 Competitive equilibrium
K1 Indivisibles
K1 Cooperative Games
K1 Equilibrio Competitivo
K1 Indivisibles
K1 Xogos Cooperativos
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 twoagent 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.
AB Este artigo estuda a existencia de equilibrio competitivo en mercados con indivisibles. A base do artigo é un teorema que relaciona a existencia de equilibrio co núcleo de certos xogos cooperativos asociados. Deste resultado obtemos unha mellora significativa en un resultado clásico nesta literatura. Logo caracterizamos a existencia do equilibrio nunha economía de dous axentes e tres bens mostrando que, neste contexto particular, a existencia de equilibrio é máis probable cando os bens son complementos que cando son substitutivos.
SN 1863-4613
YR 2025
FD 2025-12-12
LK https://hdl.handle.net/10347/44552
UL https://hdl.handle.net/10347/44552
LA eng
DS Minerva
RD 24 abr 2026