Stronger core results with multidimensional prices
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arXiv
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| Auteurs principaux: | , , , |
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| Format: | Preprint |
| Publié: |
2026
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| _version_ | 1866915872652656640 |
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| author | Braverman, Mark Liu, Jingyi Xue, Eric Zhou, Chenghan |
| author_facet | Braverman, Mark Liu, Jingyi Xue, Eric Zhou, Chenghan |
| contents | We study one-sided matchings with endowments in the absence of money. It is well-known that a competitive equilibrium may not always exist and that the strong core may be empty in this setting [Hylland and Zeckhauser, 1979]. We propose a generalization of competitive equilibria that associates each item with a multi-dimensional price. We show that this solution concept always exists and resides within the rejective core [Konovalov, 2005]. Rejective core stability is strictly stronger than weak core stability: allocations in the rejective core are elements of the weak core, but the opposite is not true. Moreover, we show that the rejective core always converges to the set of competitive equilibria with multi-dimensional prices as the economy grows, demonstrating core convergence in a setting without non-satiation. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2603_17862 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | Stronger core results with multidimensional prices Braverman, Mark Liu, Jingyi Xue, Eric Zhou, Chenghan Computer Science and Game Theory Theoretical Economics We study one-sided matchings with endowments in the absence of money. It is well-known that a competitive equilibrium may not always exist and that the strong core may be empty in this setting [Hylland and Zeckhauser, 1979]. We propose a generalization of competitive equilibria that associates each item with a multi-dimensional price. We show that this solution concept always exists and resides within the rejective core [Konovalov, 2005]. Rejective core stability is strictly stronger than weak core stability: allocations in the rejective core are elements of the weak core, but the opposite is not true. Moreover, we show that the rejective core always converges to the set of competitive equilibria with multi-dimensional prices as the economy grows, demonstrating core convergence in a setting without non-satiation. |
| title | Stronger core results with multidimensional prices |
| topic | Computer Science and Game Theory Theoretical Economics |
| url | https://arxiv.org/abs/2603.17862 |