On Competitiveness in Uniform Utility Allocation Markets
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 allocationmarket 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.