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» Auction algorithms for market equilibrium
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STOC
2004
ACM
77views Algorithms» more  STOC 2004»
16 years 9 days ago
Auction algorithms for market equilibrium
Rahul Garg, Sanjiv Kapoor
WINE
2007
Springer
143views Economy» more  WINE 2007»
15 years 6 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
15 years 1 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...
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MMB
2004
Springer
120views Communications» more  MMB 2004»
15 years 5 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»
15 years 5 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