Competitive equilibrium and indivisibles

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...

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Detalles Bibliográficos
Autor: Méndez Naya, Luciano
Tipo de recurso: artículo
Fecha de publicación:2026
País:España
Institución:Universidad de Santiago de Compostela (USC)
Repositorio:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
Idioma:inglés
OAI Identifier:oai:dnet:minerva_____::69f69fb0dcf08a3211a36513724a5cdc
Acceso en línea:https://hdl.handle.net/10347/46823
Access Level:acceso abierto
Palabra clave:Competitive equilibrium
Indivisibles
Cooperative games
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spelling Competitive equilibrium and indivisiblesMéndez Naya, LucianoCompetitive equilibriumIndivisiblesCooperative gamesThis 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.Springer20262026-03-1020262026-03-10journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10347/46823reponame:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostelainstname:Universidad de Santiago de Compostela (USC)InglésengAgencia Estatal de Investigación http://dx.doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2013-2016 MTM2017-87197-C3-3-P OPTIMIZACION Y COOPERACION CON APLICACIONES EN ENERGIAopen accesshttp://purl.org/coar/access_right/c_abf2This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licen ses/by/4.0/.http://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:dnet:minerva_____::69f69fb0dcf08a3211a36513724a5cdc2026-06-15T12:47:27Z
dc.title.none.fl_str_mv Competitive equilibrium and indivisibles
title Competitive equilibrium and indivisibles
spellingShingle Competitive equilibrium and indivisibles
Méndez Naya, Luciano
Competitive equilibrium
Indivisibles
Cooperative games
title_short Competitive equilibrium and indivisibles
title_full Competitive equilibrium and indivisibles
title_fullStr Competitive equilibrium and indivisibles
title_full_unstemmed Competitive equilibrium and indivisibles
title_sort Competitive equilibrium and indivisibles
dc.creator.none.fl_str_mv Méndez Naya, Luciano
author Méndez Naya, Luciano
author_facet Méndez Naya, Luciano
author_role author
dc.contributor.none.fl_str_mv
dc.subject.none.fl_str_mv Competitive equilibrium
Indivisibles
Cooperative games
topic Competitive equilibrium
Indivisibles
Cooperative games
description 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.
publishDate 2026
dc.date.none.fl_str_mv 2026
2026-03-10
2026
2026-03-10
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10347/46823
url https://hdl.handle.net/10347/46823
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.relation.none.fl_str_mv Agencia Estatal de Investigación http://dx.doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2013-2016 MTM2017-87197-C3-3-P OPTIMIZACION Y COOPERACION CON APLICACIONES EN ENERGIA
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
http://creativecommons.org/licenses/by/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
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dc.publisher.none.fl_str_mv Springer
publisher.none.fl_str_mv Springer
dc.source.none.fl_str_mv reponame:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
instname:Universidad de Santiago de Compostela (USC)
instname_str Universidad de Santiago de Compostela (USC)
reponame_str Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
collection Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
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