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Equilibrium in the Assignment Market under Budget Constraints

Author

Listed:
  • van der Laan, G.
  • Talman, Dolf

    (Tilburg University, School of Economics and Management)

  • Yang, Z.

Abstract

We reexamine the well-known assignment market model in a more general and more practical environment where agents may be financially con- strained. These constraints will be shown to have an important impact on the set of Walrasian equilibria. We prove that a price adjustment process will ei- ther find a unique minimal Walrasian equilibrium price vector, or exclusively validate the nonexistence of equilibrium.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • van der Laan, G. & Talman, Dolf & Yang, Z., 2018. "Equilibrium in the Assignment Market under Budget Constraints," Other publications TiSEM 965cd6c8-4f09-47c4-a101-1, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:965cd6c8-4f09-47c4-a101-1b0523a7e95b
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    References listed on IDEAS

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    Cited by:

    1. P. Jean‐Jacques Herings & Yu Zhou, 2022. "Competitive Equilibria In Matching Models With Financial Constraints," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(2), pages 777-802, May.

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