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An Auction-Based Market Equilibrium Algorithm for a Production Model

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Internet and Network Economics (WINE 2005)

Part of the book series: Lecture Notes in Computer Science ((LNISA,volume 3828))

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Abstract

We present an auction-based algorithm for the computing market equilibrium prices in a production model, in which producers have a single linear production constraint, and consumers have linear utility functions. We provide algorithms for both the Fisher and Arrow-Debreu versions of the problem.

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Author information

Authors and Affiliations

  1. Department of Computer Science, Illinois Institute of Technology, Chicago, IL, 60616

    Sanjiv Kapoor

  2. College of Computing, Georgia Institute of Technology, Atlanta, USA

    Aranyak Mehta & Vijay Vazirani

Authors
  1. Sanjiv Kapoor
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  2. Aranyak Mehta
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  3. Vijay Vazirani
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Editor information

Editors and Affiliations

  1. Department of Computer Science, City University of Hong Kong, Tat Chee Avenue, Kowloon ,, Hong Kong

    Xiaotie Deng

  2. Stanford University, Stanford, CA

    Yinyu Ye

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© 2005 Springer-Verlag Berlin Heidelberg

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Kapoor, S., Mehta, A., Vazirani, V. (2005). An Auction-Based Market Equilibrium Algorithm for a Production Model. In: Deng, X., Ye, Y. (eds) Internet and Network Economics. WINE 2005. Lecture Notes in Computer Science, vol 3828. Springer, Berlin, Heidelberg. https://doi.org/10.1007/11600930_11

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  • DOI: https://doi.org/10.1007/11600930_11

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-30900-0

  • Online ISBN: 978-3-540-32293-1

  • eBook Packages: Computer ScienceComputer Science (R0)

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