Equilibrium in quality markets, beyond the transferable case View Full Text


Ontology type: schema:ScholarlyArticle     


Article Info

DATE

2019-03

AUTHORS

G. Carlier, I. Ekeland

ABSTRACT

We consider the market for an indivisible quality good, in the tradition of standard hedonic equilibrium theory but replacing the commonly used quasi-linear assumption on consumers’ preferences by a more realistic nonlinear budget constraint. Taking advantage of quasi-linearity on the producer’s side, we prove that an optimal transport-like argument can still be used to derive existence of equilibria. We also discuss some simple one-dimensional examples. More... »

PAGES

1-13

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/s00199-018-1118-8

DOI

http://dx.doi.org/10.1007/s00199-018-1118-8

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1103246418


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