Stability and competitive equilibria in multi-unit trading networks with discrete concave utility functions (Q495853): Difference between revisions
From MaRDI portal
Created a new Item |
ReferenceBot (talk | contribs) Changed an Item |
||
(4 intermediate revisions by 4 users not shown) | |||
Property / review text | |||
The authors introduce the multi-unit trading network model and study its stability properties and competitive equilibria. In this model, valuation functions of each agent are twisted \(M^{\natural}\)-concave functions defined on the set of integer vectors. The generalized full substitutes condition is introduced and the authors show that this condition is equivalent to twisted \(M^{\natural}\)-concavity. Furthermore, they show that there exists a competitive equilibrium under the generalized full substitutes condition and that the set of competitive equilibrium price vectors forms a lattice. The relationship between competitive equilibria, stability, and efficiency is considered. It is proved that a competitive equilibrium is stable, and a competitive equilibrium trade vector is efficient. The relation between the three stability concepts stability, strong group stability and chain stability is discussed and it is shown that these concepts are equivalent under the generalized full substitutes condition. | |||
Property / review text: The authors introduce the multi-unit trading network model and study its stability properties and competitive equilibria. In this model, valuation functions of each agent are twisted \(M^{\natural}\)-concave functions defined on the set of integer vectors. The generalized full substitutes condition is introduced and the authors show that this condition is equivalent to twisted \(M^{\natural}\)-concavity. Furthermore, they show that there exists a competitive equilibrium under the generalized full substitutes condition and that the set of competitive equilibrium price vectors forms a lattice. The relationship between competitive equilibria, stability, and efficiency is considered. It is proved that a competitive equilibrium is stable, and a competitive equilibrium trade vector is efficient. The relation between the three stability concepts stability, strong group stability and chain stability is discussed and it is shown that these concepts are equivalent under the generalized full substitutes condition. / rank | |||
Normal rank | |||
Property / reviewed by | |||
Property / reviewed by: Aleksandr D. Borisenko / rank | |||
Normal rank | |||
Property / Mathematics Subject Classification ID | |||
Property / Mathematics Subject Classification ID: 91B50 / rank | |||
Normal rank | |||
Property / Mathematics Subject Classification ID | |||
Property / Mathematics Subject Classification ID: 91B16 / rank | |||
Normal rank | |||
Property / Mathematics Subject Classification ID | |||
Property / Mathematics Subject Classification ID: 91B68 / rank | |||
Normal rank | |||
Property / zbMATH DE Number | |||
Property / zbMATH DE Number: 6482430 / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
two-sided market model | |||
Property / zbMATH Keywords: two-sided market model / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
multi-unit trading network model | |||
Property / zbMATH Keywords: multi-unit trading network model / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
stability | |||
Property / zbMATH Keywords: stability / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
competitive equilibria | |||
Property / zbMATH Keywords: competitive equilibria / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
efficiency | |||
Property / zbMATH Keywords: efficiency / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
lattice | |||
Property / zbMATH Keywords: lattice / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
twisted \(M^{\natural}\)-concave functions | |||
Property / zbMATH Keywords: twisted \(M^{\natural}\)-concave functions / rank | |||
Normal rank | |||
Property / zbMATH Keywords | |||
generalized full substitutes condition | |||
Property / zbMATH Keywords: generalized full substitutes condition / rank | |||
Normal rank | |||
Property / MaRDI profile type | |||
Property / MaRDI profile type: MaRDI publication profile / rank | |||
Normal rank | |||
Property / full work available at URL | |||
Property / full work available at URL: https://doi.org/10.1007/s13160-015-0175-7 / rank | |||
Normal rank | |||
Property / OpenAlex ID | |||
Property / OpenAlex ID: W790680491 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Discrete convexity and equilibria in economies with indivisible goods and money / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Algorithms and Computation / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: A Two-Sided Discrete-Concave Market with Possibly Bounded Side Payments: An Approach by Discrete Convex Analysis / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: A Note on Kelso and Crawford's Gross Substitutes Condition / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: College Admissions and the Stability of Marriage / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Walrasian equilibrium with gross substitutes / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: The English auction with differentiated commodities / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Contract design and stability in many-to-many matching / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Job Matching, Coalition Formation, and Gross Substitutes / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Combinatorial auctions with decreasing marginal utilities / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Discrete convex analysis / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Discrete Convex Analysis / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: M-Convex Function on Generalized Polymatroid / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Extension of M-convexity and L-convexity to polyhedral convex functions / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Q3999327 / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: The assignment game. I: The core / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: EQUILIBRIUM, AUCTION, AND GENERALIZED GROSS SUBSTITUTES AND COMPLEMENTS / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: The lattice structure of the set of stable outcomes of the multiple partners assignment game / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: Equilibria and Indivisibilities: Gross Substitutes and Complements / rank | |||
Normal rank | |||
Property / cites work | |||
Property / cites work: A Double-Track Adjustment Process for Discrete Markets With Substitutes and Complements / rank | |||
Normal rank | |||
links / mardi / name | links / mardi / name | ||
Latest revision as of 19:14, 10 July 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Stability and competitive equilibria in multi-unit trading networks with discrete concave utility functions |
scientific article |
Statements
Stability and competitive equilibria in multi-unit trading networks with discrete concave utility functions (English)
0 references
15 September 2015
0 references
The authors introduce the multi-unit trading network model and study its stability properties and competitive equilibria. In this model, valuation functions of each agent are twisted \(M^{\natural}\)-concave functions defined on the set of integer vectors. The generalized full substitutes condition is introduced and the authors show that this condition is equivalent to twisted \(M^{\natural}\)-concavity. Furthermore, they show that there exists a competitive equilibrium under the generalized full substitutes condition and that the set of competitive equilibrium price vectors forms a lattice. The relationship between competitive equilibria, stability, and efficiency is considered. It is proved that a competitive equilibrium is stable, and a competitive equilibrium trade vector is efficient. The relation between the three stability concepts stability, strong group stability and chain stability is discussed and it is shown that these concepts are equivalent under the generalized full substitutes condition.
0 references
two-sided market model
0 references
multi-unit trading network model
0 references
stability
0 references
competitive equilibria
0 references
efficiency
0 references
lattice
0 references
twisted \(M^{\natural}\)-concave functions
0 references
generalized full substitutes condition
0 references
0 references
0 references