The Structure of the Set of Vectors of Equilibrium Prices in the Market Model of Gale-Shapley Type Cover Image

Struktura zbioru wektorów cen równowagi w modelu rynku typu Gale’a-Shapleya
The Structure of the Set of Vectors of Equilibrium Prices in the Market Model of Gale-Shapley Type

Author(s): Zbigniew Świtalski
Subject(s): Economy
Published by: Główny Urząd Statystyczny
Keywords: market equilibrium; market model for indivisible goods; Gale-Shapley model; Shapley-Shubik model

Summary/Abstract: In the paper we compare market model of Gale (1960) presented in the book The Theory of Linear Economic Models (for finite set of indivisible goods) with the market model based on the college admission model of Gale and Shapley (1962). For the market model of Gale-Shapley type (which was presented in details by Świtalski, 2014) we characterize the set of vectors of equilibrium prices as a disjoint union of some n-dimensional rectangular parallelepipeds.

  • Issue Year: 61/2014
  • Issue No: 1
  • Page Range: 15-26
  • Page Count: 12
  • Language: Polish