Authors
Erel Segal-Halevi, Avinatan Hassidim, Yonatan Aumann
Publication date
2016/11/30
Journal
Operations Research Letters
Volume
44
Issue
6
Pages
757-760
Publisher
North-Holland
Description
We consider the gross-substitute (GS) condition introduced by Kelso and Crawford (1982). GS is a condition on the demand-flow in a specific scenario: some items become more expensive while other items retain their price. We prove that GS is equivalent to a much stronger condition, describing the demand-flow in the general scenario in which all prices may change: the demand of GS agents always flows (weakly) downwards, i.e., from items with higher price-increase to items with lower price-increase.
Total citations
201620172018201920202021202220232024211
Scholar articles
E Segal-Halevi, A Hassidim, Y Aumann - Operations Research Letters, 2016