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Existence of Equilibrium for Integer Allocation Problems

Existence of Equilibrium for Integer Allocation Problems PDF Author: Somdeb Lahiri
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Languages : en
Pages : 10

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Book Description
We show that for multi-unit auctions, of which bundle auctions are a special case, market equilibrium and constrained market equilibrium are equivalent concepts. This equivalence, allows us to obtain a computable necessary and sufficient condition for the existence of (constrained) market equilibrium for multi-unit auctions.