Competitive equilibrium for almost all incomes: existence and fairness

@article{SegalHalevi2020CompetitiveEF,
  title={Competitive equilibrium for almost all incomes: existence and fairness},
  author={Erel Segal-Halevi},
  journal={Autonomous Agents and Multi-Agent Systems},
  year={2020},
  volume={34},
  pages={1-50}
}
  • Erel Segal-Halevi
  • Published 2020
  • Computer Science, Economics
  • Autonomous Agents and Multi-Agent Systems
  • 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… CONTINUE READING
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