Equilibria with indivisible goods and package-utilities

  title={Equilibria with indivisible goods and package-utilities},
  author={Danilov and Gleb A. Koshevoy and C. Lang},
We revisit the issue of existence of equilibrium in economies with indivisible goods and money, in which agents may trade many units of items. In [5] it was shown that the existence issue is related to discrete convexity. Classes of discrete convexity are characterized by the unimodularity of the allowable directions of one-dimensional demand sets. The class of graphical unimodular system can be put in relation with a nicely interpretable economic property of utility functions, the Gross… CONTINUE READING


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