Local dynamics in bargaining networks via random-turn games

  • Authors:
  • L. Elisa Celis;Nikhil R. Devanur;Yuval Peres

  • Affiliations:
  • University of Washington;Microsoft Research;Microsoft Research

  • Venue:
  • WINE'10 Proceedings of the 6th international conference on Internet and network economics
  • Year:
  • 2010

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Abstract

We present a new technique for analyzing the rate of convergence of local dynamics in bargaining networks. The technique reduces balancing in a bargaining network to optimal play in a randomturn game. We analyze this game using techniques from martingale and Markov chain theory. We obtain a tight polynomial bound on the rate of convergence for a nontrivial class of unweighted graphs (the previous known bound was exponential). Additionally, we show this technique extends naturally to many other graphs and dynamics.