The AND-OR game: Equilibrium characterization (working paper)

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Walrasian equilibrium is one of the basic notions in economic theory. Items are priced in such a way that the market clears i.e. the supply for each item equals the demand for it (or there may be items with excess supply priced at zero.) When there is a Walrasian equilibrium, it captures nicely the "right" pricing of items. Unfortunately, Walrasian equilibria are guarantee to exists only for limited classes of agents' valuations, namely gross-substitute valuations.

Original languageEnglish
Title of host publicationInternet and Network Economics - 8th International Workshop, WINE 2012, Proceedings
Pages561
Number of pages1
DOIs
StatePublished - 2012
Event8th International Workshop on Internet and Network Economics, WINE 2012 - Liverpool, United Kingdom
Duration: 10 Dec 201212 Dec 2012

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume7695 LNCS

Conference

Conference8th International Workshop on Internet and Network Economics, WINE 2012
Country/TerritoryUnited Kingdom
CityLiverpool
Period10/12/1212/12/12

All Science Journal Classification (ASJC) codes

  • Theoretical Computer Science
  • General Computer Science

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