Demand-flow of agents with gross-substitute valuations

Oper. Res. Lett., Volume 44, Issue 6, 2016, Pages 757-760.

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Abstract:

Abstract We consider the gross-substitute (GS) condition introduced by Kelso and Crawford (1982). GS is a condition on the demand-flow in a specific scenario: some items become more expensive while other items retain their price. We prove that GS is equivalent to a much stronger condition, describing the demand-flow in the general scena...More

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