全球智库信息集成服务系统(G2TT): Comparative Statics in Markets for Indivisible Goods

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w16285
来源ID	Working Paper 16285
	Comparative Statics in Markets for Indivisible Goods
	Andrew Caplin; John V. Leahy
发表日期	2010-08-19
出版年	2010
语种	英语
摘要	We complete the study of comparative statics initiated in Caplin and Leahy [2010], which introduced a new mathematical apparatus for understanding NTU allocation markets, as such covering the housing market and other markets for large indivisible goods. We introduce homotopy methods to characterize how equilibrium changes in response to arbitrary parameter changes. Generically, we show that there can be five and only five qualitatively distinct forms of market transition: Graft; Prune and Plant; Prune and Graft; Cycle and Reverse; and Shift and Replant. Our path-following methods identify new algorithms for computing market equilibria.
主题	Microeconomics ; Mathematical Tools ; Market Structure and Distribution ; Macroeconomics ; Macroeconomic Models ; Regional and Urban Economics ; Real Estate
URL	https://www.nber.org/papers/w16285
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/573958
推荐引用方式 GB/T 7714	Andrew Caplin,John V. Leahy. Comparative Statics in Markets for Indivisible Goods. 2010.