We consider a market of indivisible items with all agents possessing gross substitutes valuations. In this setting, Walrasian prices are guaranteed to exist. Assume that some items become unsaleable, or some new gross substitutes agents enter the market. How does this influence the set of Walrasian prices? In this note, we demonstrate that minimal and maximal Walrasian prices exhibit monotonous behavior in response to changes in supply or demand in gross substitutes markets.
No takes yet. Share an insight, caveat, or question.
Stephen Raach (2024) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: