Journal article
The economics of equilibrium with indivisible goods
- Abstract:
- This paper develops a theory of competitive equilibrium with indivisible goods based entirely on economic conditions on demand. The key idea is to analyze comple- mentarity and substitutability between bundles of goods, rather than merely between goods themselves. This approach allows us to formulate sufficient and essentially nec- essary conditions for equilibrium existence—which unify settings with complements and settings with substitutes. Our analysis has implications for auction design.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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(Preview, Version of record, pdf, 1.7MB, Terms of use)
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- Publisher copy:
- 10.1093/restud/rdaf106
Authors
+ European Research Council
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- Funder identifier:
- https://ror.org/0472cxd90
- Grant:
- 949699
- Publisher:
- Oxford University Press
- Journal:
- Review of Economic Studies More from this journal
- Publication date:
- 2025-12-29
- Acceptance date:
- 2025-10-29
- DOI:
- EISSN:
-
1467-937X
- ISSN:
-
0034-6527
- Language:
-
English
- Pubs id:
-
2320755
- Local pid:
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pubs:2320755
- Deposit date:
-
2025-11-10
- ARK identifier:
Terms of use
- Copyright holder:
- Jagadeesan and Teytelboym
- Copyright date:
- 2025
- Rights statement:
- © 2025, © The Author(s) 2025. Published by Oxford University Press on behalf of The Review of Economic Studies Limited. This is an open access article distributed under the terms of the Creative Commons CC BY license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
- Licence:
- CC Attribution (CC BY)
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