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ICALP
2009
Springer
16 years 14 days ago
Proportional Response Dynamics in the Fisher Market
Abstract. In this paper, we show that the proportional response dynamics, a utility based distributed dynamics, converges to the market equilibrium in the Fisher market with consta...
Li Zhang
118
Voted
STOC
2007
ACM
169views Algorithms» more  STOC 2007»
16 years 15 days ago
Proportional response dynamics leads to market equilibrium
One of the main reasons of the recent success of peer to peer (P2P) file sharing systems such as BitTorrent is its built-in tit-for-tat mechanism. In this paper, we model the band...
Fang Wu, Li Zhang