An étude in modeling the definability of equilibrium

Ariel Rubinstein, Kemal Yıldız

    Research output: Contribution to journalArticlepeer-review

    Abstract

    We analyse the object assignment model enriched with a set of orderings over the set of agents. These orderings provide potential criteria for determining the suitability of agents to be assigned to an object. A candidate for a definable equilibrium is an assignment of the agents to the objects and an attachment of a single criterion to each object. In equilibrium, each agent is better-suited to his assigned object than any agent who envies him, according to the criterion attached to that object. We analyze the equilibrium notion and provide some examples.

    Original languageEnglish (US)
    JournalReview of Economic Design
    DOIs
    StateAccepted/In press - 2021

    Keywords

    • Definability
    • Definable equilibrium
    • Object assignment model

    ASJC Scopus subject areas

    • Economics, Econometrics and Finance(all)

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