English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

We study equilibrium in hedonic markets, when consumers and suppliers havereservation utilities, and the utility functions are separable with respect toprice. There is one indivisible good, which comes in different qualities; eachconsumer buys 0 or 1 unit, and each supplier sells 0 or 1 unit. Consumer types,supplier types and qualities can be either discrete of continuous, in whichcase they are allowed to be multidimensional. Prices play a double role: theykeep some agents out of the market, and they match the remaining ones pairwise.We define equilibrium prices and equilibrium distributions, and we prove thatequilibria exist, we investigate to what extend equilibrium prices anddistributions are unique, and we prove that equilibria are efficient. In theparticular case when there is a continuum of types, and a generalizedSpence-Mirrlees condition is satisfied, we prove the existence of a pureequilibrium, where demand distributions are in fact demand functions, and weshow to what extent it is unique. The proofs rely on convex analysis, and carehas been given to illustrate the theory with examples.

Existence, uniqueness and efficiency of equilibrium in hedonic markets with multidimenstional types