Comparative statics in markets for indivisible goods
by Andrew Caplin
"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.
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Comparative statics in markets for indivisible goods
2010, National Bureau of Economic Research
Electronic resource
in English
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Title from PDF file as viewed on 9/28/2010.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| September 25, 2020 | Edited by MARC Bot | import existing book |
| December 1, 2010 | Created by ImportBot | initial import |