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...
The most industrialized countries have entered a post-industrial era where their prosperity is largely created through a service economy. There is a clear transition from a manufa...
Matthias Winkler, Jorge Cardoso, Gregor Scheithaue...
This paper presents a precise market model for a well-defined class of distributed configuration design problems. Given a design problem, the model defines a computational economy...