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WINE
2010
Springer
135views Economy» more  WINE 2010»
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...
Christopher A. Wilkens
WINE
2010
Springer
177views Economy» more  WINE 2010»
13 years 2 months ago
Braess's Paradox in Large Sparse Graphs
Braess's paradox, in its original context, is the counter-intuitive observation that, without lessening demand, closing roads can improve traffic flow. With the explosion of d...
Fan Chung, Stephen J. Young
WINE
2010
Springer
159views Economy» more  WINE 2010»
13 years 2 months ago
Local Dynamics in Bargaining Networks via Random-Turn Games
Abstract. We present a new technique for analyzing the rate of convergence of local dynamics in bargaining networks. The technique reduces balancing in a bargaining network to opti...
L. Elisa Celis, Nikhil R. Devanur, Yuval Peres
WINE
2010
Springer
189views Economy» more  WINE 2010»
13 years 2 months ago
The Limits of Smoothness: A Primal-Dual Framework for Price of Anarchy Bounds
Abstract. We show a formal duality between certain equilibrium concepts, including the correlated and coarse correlated equilibrium, and analysis frameworks for proving bounds on t...
Uri Nadav, Tim Roughgarden
WINE
2010
Springer
213views Economy» more  WINE 2010»
13 years 2 months ago
The Efficiency of Fair Division with Connected Pieces
der the issue of fair division of goods, using the cake cutting abstraction, and aim to bound the possible degradation in social welfare due to the fairness requirements. Previous...
Yonatan Aumann, Yair Dombb