Authors
Erel Segal-Halevi
Publication date
2020/4
Journal
Autonomous Agents and Multi-Agent Systems
Volume
34
Issue
1
Pages
1-50
Publisher
Springer US
Description
Competitive equilibrium (CE) is a fundamental concept in market economics. Its efficiency and fairness properties make it particularly appealing as a rule for fair allocation of resources among agents with possibly different entitlements. However, when the resources are indivisible, a CE might not exist even when there is one resource and two agents with equal incomes. Recently, Babaioff and Nisan and Talgam-Cohen (2017–2019) have suggested to consider the entire space of possible incomes, and check whether there exists a CE for almost all income-vectors—all income-space except a subset of measure zero. They proved various existence and non-existence results, but left open the cases of four goods and three or four agents with monotonically-increasing preferences. This paper proves non-existence in both these cases, thus completing the characterization of CE existence for almost all incomes in the …
Total citations
201720182019202020212022202320241562561
Scholar articles
E Segal-Halevi - Proceedings of the 17th International Conference on …, 2018
E Segal-Halevi - Proceedings of the 17th International Joint Conference …, 2018