Gul, Faruk

Efficient Allocation of Indivisible Goods in Pseudomarkets with Constraints - Journal of Political Economy 2024 - 3708-3736

We provide conditions under which a market mechanism can be used to allocate indivisible goods efficiently. We consider an economy with no transfers and show the existence and efficiency of Walrasian equilibria in the corresponding pseudomarket with stoch

0022-3808


Market Mechanism
Pseudomarkets
Stochastic Consumption
Indivisible Goods