Market Equilibrium Using Auctions for a Class of Gross-Substitute Utilities

Abstract

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 used to efficiently compute market equilibrium for a large class of utility functions satisfying gross substitutability, including a range of CES (constant elasticity of… (More)
DOI: 10.1007/978-3-540-77105-0_38

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Cite this paper

@inproceedings{Garg2007MarketEU, title={Market Equilibrium Using Auctions for a Class of Gross-Substitute Utilities}, author={Rahul Garg and Sanjiv Kapoor}, booktitle={WINE}, year={2007} }