MARC Record from Library of Congress

LEADER: 01772cam a22002897a 4500
001 2010656237
003 DLC
005 20100929090109.0
007 cr |||||||||||
008 100928s2010 mau sb 000 0 eng
010 $a 2010656237
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aCaplin, Andrew.
245 10 $aComparative statics in markets for indivisible goods$h[electronic resource] /$cAndrew Caplin, John V. Leahy.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2010.
490 1 $aNBER working paper series ;$vworking paper 16285
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 9/28/2010.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"We complete the study of comparative statics initiated in Caplin and Leahy [2010], which introduced a new mathematical apparatus for understanding NTU allocation markets, as such covering the housing market and other markets for large indivisible goods. We introduce homotopy methods to characterize how equilibrium changes in response to arbitrary parameter changes. Generically, we show that there can be five and only five qualitatively distinct forms of market transition: Graft; Prune and Plant; Prune and Graft; Cycle and Reverse; and Shift and Replant. Our path-following methods identify new algorithms for computing market equilibria"--National Bureau of Economic Research web site.
700 1 $aLeahy, John V.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 16285.
856 40 $uhttp://www.nber.org/papers/w16285