We call a market competitive if increasing the endowment of one buyer does not increase the equilibrium utility of another. We show that every competitive uniform utility allocation market is a submodular utility allocation market, answering a question of Jain and Vazirani [K. Jain, V.V. Vazirani, Eisenberg–Gale markets: Algorithms and structural properties, in: STOC, 2007]. Our proof proceeds via characterizing non-submodular fractionally sub-additive functions

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In: Operations Research Letters

Publisher: Elsevier
Copyright © 2007 Elsevier B.V. All rights reserved.

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