Antonio Miralles

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1ranked-venue papers
1as first author
1since 2021 · last 2021
—ORCID · unresolved

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Artificial intelligence and machine learning · 1 · 1 first-author · 1 since 2021Theory of computation · 1 · 1 first-author · 1 since 2021
YearPublicationVenuePosition
2021 Foundations of Pseudomarkets: Walrasian Equilibria for Discrete Resources
abstract
We study the assignment of objects without transfers allowing for single-unit and general multi-unit demands, and any linear constraints, thus covering a wide range of applied environments, from school choice to course allocation. We establish the Second Welfare Theorem for these environments despite them failing the local non-satiation condition that previous studies of the Second Welfare Theorem relied on. We also prove a strong version of the First Welfare Theorem. We thus show that the link between efficiency and decentralization through prices is valid in environments without transfers, and hence provide a foundation for pseudomarket-based market design by showing that the restriction to such mechanisms is without loss of generality.
Antonio Miralles, Marek Pycia
EC1