Article ID Journal Published Year Pages File Type
5057767 Economics Letters 2017 10 Pages PDF
Abstract
We study assignment problems where individuals trade packages consisting of several objects. In a seminal paper Bikhchandani and Ostroy (2002) have shown that the efficient assignments can be formulated as a linear programming problem. The pricing equilibria introduced by them do not always fill out the core in a combinatorial exchange. We introduce a linear programming formulation where we can easily identify in the dual problem whether the core is empty, and for which the pricing equilibrium always coincides with the core when it is not empty.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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