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WINE
2010
Springer

Market Communication in Production Economies

13 years 2 months ago
Market Communication in Production Economies
We study the information content of equilibrium prices using the market communication model of Deng, Papadimitriou, and Safra [4]. We show that, in the worst case, communicating an exact equilibrium in a production economy requires a number of bits that is a quadratic polynomial in the number of goods, the number of agents, the number of firms, and the number of bits used to represent an endowment.
Christopher A. Wilkens
Added 15 Feb 2011
Updated 15 Feb 2011
Type Journal
Year 2010
Where WINE
Authors Christopher A. Wilkens
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