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Only Paul Could Go To Changchun

Competitive Equilibrium and Trading Networks: A Network Flow Approach 

9/17/2016

 
Here.

Under full substitutability of preferences, it has been shown that a competitive equilibrium exists in trading networks, and is equivalent (after a restriction to equilibrium trades) to (chain) stable outcomes. In this paper, we formulate the problem of finding an efficient outcome as a generalized submodular flow problem on a suitable network

From:

Candogan, Ozan
University of Chicago

Epitropou, Markos
Vohra, Rakesh V. 
University of Pennsylvania

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