Highly Influential

- Published 2016 in ACM Trans. Algorithms
DOI:10.1145/2905372

We give a new mathematical formulation of market equilibria in exchange economies using an indirect utility function: the function of prices and income that gives the maximum utility achievable. The formulation is a convex program and can be solved when the indirect utility function is convex in prices. We illustrate that many economies, including… CONTINUE READING

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