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

Avinatan Hassidim, Haim Kaplan, Yishay Mansour, Noam Nisan

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
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

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

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