Economics External Seminar: Jan Christoph Schlegel
Jan Christoph Schlegel
1B6, Priory Road Complex
Abstract: Several structural results for the set of competitive equilibria in trading networks are established: The lattice theorem, the rural hospital theorem, the existence of side-optimal equilibria, and a group-incentive-compatibility result hold without the assumption of quasi-linear utility in transfers. While our results are developed in a trading network model, they also imply analogous (and new) results for exchange economies with combinatorial demand and for two-sided matching markets with transfers.