Review of Economic Design ( IF 0.238 ) Pub Date : 2020-10-20 , DOI: 10.1007/s10058-020-00238-z Juan F. Fung , Chia-Ling Hsu
We introduce a version of the Cumulative Offer Algorithm of Hatfield and Milgrom (Am Econ Rev 95(4):913–935, 2005) modified for the supply chain networks setting of Ostrovsky (Am Econ Rev 98(3):897–923, 2008). The algorithm provides an alternative proof for existence of a chain stable network. Moreover, we show that when choice functions satisfy same-side substitutes and cross-side complements, and the Law of Aggregate Demand and Supply, then contracts satisfy Irrelevance of Rejected Contracts condition, a condition implicitly assumed in Ostrovsky (2008).
中文翻译:
供应链网络的累积报价过程
我们介绍了一个针对Hatfield和Milgrom的累积报价算法(Am Econ Rev 95(4):913-935,2005)的版本,该版本针对Ostrovsky(Am Econ Rev 98(3):897-923, 2008)。该算法为存在链稳定网络提供了另一种证明。此外,我们还表明,当选择函数满足同侧的替代品和交叉侧补,与总需求和供应的法律,那么合同的拒绝合同条件满足无关性,在奥斯特洛夫斯基(2008)隐含地假设的条件。