| Title: |
Competitive and revenue-optimal pricing with budgets |
| Authors: |
Finster, S; Goldberg, PW; Lock, E |
| Publisher Information: |
Econometric Society |
| Publication Year: |
2026 |
| Collection: |
Oxford University Research Archive (ORA) |
| Description: |
In markets with budget-constrained buyers, competitive equilibria need not be efficient in the utilitarian sense, or maximise the seller's revenue. We consider a setting with multiple divisible goods. Competitive equilibrium outcomes, and only those, are constrained utilitarian efficient, a notion of utilitarian efficiency that respects buyers' demands and budgets. Our main contribution establishes that, when buyers have linear valuations, competitive equilibrium prices are unique and revenue-optimal for a zero-cost seller. |
| Document Type: |
article in journal/newspaper |
| Language: |
English |
| Relation: |
https://doi.org/10.3982/te5913 |
| DOI: |
10.3982/te5913 |
| Availability: |
https://doi.org/10.3982/te5913; https://ora.ox.ac.uk/objects/uuid:0ad719d5-9e10-4677-876d-de35c6ed072f |
| Rights: |
info:eu-repo/semantics/openAccess ; CC Attribution-NonCommercial (CC BY-NC) |
| Accession Number: |
edsbas.47B1BF2F |
| Database: |
BASE |