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» Auction algorithms for market equilibrium
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STOC
2004
ACM
77views Algorithms» more  STOC 2004»
14 years 11 months ago
Auction algorithms for market equilibrium
Rahul Garg, Sanjiv Kapoor
WINE
2007
Springer
143views Economy» more  WINE 2007»
14 years 5 months ago
Market Equilibrium Using Auctions for a Class of Gross-Substitute Utilities
In addition to useful Economic interpretation, auction based algorithms are generally found to be efficient. In this note, we observe that the auction-based mechanism can also be u...
Rahul Garg, Sanjiv Kapoor
ECAI
2010
Springer
13 years 12 months ago
An Equilibrium Analysis of Competing Double Auction Marketplaces Using Fictitious Play
In this paper, we analyse how traders select marketplaces and bid in a setting with multiple competing marketplaces. Specifically, we use a fictitious play algorithm to analyse the...
Bing Shi, Enrico H. Gerding, Perukrishnen Vyteling...
MMB
2004
Springer
120views Communications» more  MMB 2004»
14 years 4 months ago
Equilibrium Market Prices for Multi-Period Auctions of Internet Resources
Auctions are a well-established mechanism for efficient allocation of scarce resources and as such have already become a standard approach for pricing QoS-enabled future Internet ...
Peter Reichl, Stefan Wrzaczek
SIGECOM
2004
ACM
93views ECommerce» more  SIGECOM 2004»
14 years 4 months ago
Strategic deliberation and truthful revelation: an impossibility result
In many market settings, agents do not know their preferences a priori. Instead, they may have to solve computationally complex optimization problems, query databases, or perform ...
Kate Larson, Tuomas Sandholm