Gross substitutes and complements: A simple generalization |
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| Authors: | Alexander Teytelboym |
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| Institution: | Massachusetts Institute of Technology, 32-D632, 77 Massachusetts Ave., Cambridge, MA 02139, USA |
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| Abstract: | We extend the gross substitutes and complements framework (Sun and Yang, 2006). Competitive equilibrium with indivisible goods exists under significantly weaker, intuitive and interpretable conditions. A generalized dynamic double-track procedure (Sun and Yang, 2008, 2009) finds the competitive equilibrium outcome. |
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| Keywords: | D44 D47 D51 |
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