Arbeitspapier
Foundations of pseudomarkets: Walrasian equilibria for discrete resources
We study the assignment of discrete resources in a general model encompassing a wide range of applied environments, such as school choice, course allocation, and refugee resettlement. We allow single-unit and general multi-unit demands and any linear constraints. We prove the Second Welfare Theorem for these environments and a strong version of the First Welfare Theorem. In this way, we establish an equivalence between strong efficiency and decentralization through prices in discrete environments. Showing that all strongly efficient outcomes can be implemented through pseudomarkets, we provide a foundation for using pseudomarkets in market design.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 385
- Klassifikation
-
Wirtschaft
Market Design
General Equilibrium and Disequilibrium: General
- Thema
-
Walrasian equilibrium
pseudomarkets
market design
revelation principle
welfare theorems
equilibrium existence
discrete markets
complementarities
constraints
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Miralles, Antonio
Pycia, Marek
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Zurich, Department of Economics
- (wo)
-
Zurich
- (wann)
-
2021
- DOI
-
doi:10.5167/uzh-203236
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Miralles, Antonio
- Pycia, Marek
- University of Zurich, Department of Economics
Entstanden
- 2021
Ähnliche Objekte (12)
Common Agency Equilibria with Discrete Mechanisms and Discrete Types
Nash equilibria in all-pay auctions with discrete strategy space
Testable implications of multiple equilibria in discrete games with correlated types
Equilibria in a Japanese-English auction with discrete bid levels for the wallet game
Correlated equilibria and communication equilibria in all-pay auctions
Behavioral Learning Equilibria
Efficient Ramsey equilibria
Attractive evolutionary equilibria
Knight-Walras equilibria
Ambiguous act equilibria
Viscous Population Equilibria
Quantity Constrained Equilibria
Common Agency Equilibria with Discrete Mechanisms and Discrete Types
Nash equilibria in all-pay auctions with discrete strategy space
Testable implications of multiple equilibria in discrete games with correlated types
Equilibria in a Japanese-English auction with discrete bid levels for the wallet game
Correlated equilibria and communication equilibria in all-pay auctions
Behavioral Learning Equilibria
Efficient Ramsey equilibria
Attractive evolutionary equilibria
Knight-Walras equilibria
Ambiguous act equilibria
Viscous Population Equilibria
Quantity Constrained Equilibria
Common Agency Equilibria with Discrete Mechanisms and Discrete Types
Nash equilibria in all-pay auctions with discrete strategy space
Testable implications of multiple equilibria in discrete games with correlated types
Equilibria in a Japanese-English auction with discrete bid levels for the wallet game
Correlated equilibria and communication equilibria in all-pay auctions
Behavioral Learning Equilibria
Efficient Ramsey equilibria
Attractive evolutionary equilibria
Knight-Walras equilibria
Ambiguous act equilibria
Viscous Population Equilibria