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Computing Equilibria in a Fisher Market with Linear Single-Constraint Production Units

机译:使用线性单约束生产单元在Fisher市场中计算均衡

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We study the problem of computing equilibrium prices in a Fisher market with linear utilities and linear single-constraint production units. This setting naturally appears in ad pricing where the sum of the lengths of the displayed ads is constrained not to exceed the available ad space. There are three approaches to solve market equilibrium problems: convex programming, auction-based algorithms, and primal-dual. Jain, Vazirani, and Ye recently proposed a solution using convex programming for the problem with an arbitrary number of production constraints. A recent paper by Kapoor, Mehta, and Vazirani proposes an auction-based solution. No primal-dual algorithm is proposed for this problem. In this paper we propose a simple reduction from this problem to the classical Fisher setting with linear utilities and without any production units. Our reduction not only imports the primal-dual algorithm of Devanur et al. to the single-constraint production setting, but also: ⅰ) imports other simple algorithms, like the auction-based algorithm of Garg and Kapoor, thereby providing a simple insight behind the recent sophisticated algorithm of Kapoor, Mehta, and Vazirani, and ⅱ) imports all the nice properties of the Fisher setting, for example, the existence of an equilibrium in rational numbers, and the uniqueness of the utilities of the agents at the equilibrium.
机译:我们研究了在具有线性效用和线性单约束生产单元的Fisher市场中计算均衡价格的问题。此设置自然会出现在广告定价中,在这种情况下,显示广告的长度之和必须限制为不超过可用广告空间。解决市场均衡问题的方法有三种:凸规划,基于拍卖的算法和原始对偶。贾恩(Jain),瓦兹拉尼(Vazirani)和叶(Ye)最近提出了使用凸规划的解决方案,该问题具有任意数量的生产约束。 Kapoor,Mehta和Vazirani最近发表的一篇论文提出了一种基于拍卖的解决方案。没有针对此问题的原始对偶算法。在本文中,我们提出了从此问题到具有线性效用且没有任何生产单元的经典Fisher设置的简单简化。我们的减少不仅引入了Devanur等人的原始对偶算法。到单约束生产设置,还可以:(ⅰ)导入其他简单算法,例如Garg和Kapoor的基于拍卖的算法,从而提供对Kapoor,Mehta和Vazirani的最新复杂算法的简单了解,以及ⅱ)导入费舍尔设置的所有良好属性,例如,有理数均衡的存在以及在均衡时代理的效用的唯一性。

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