Auction algorithms for market equilibrium
STOC '04 Proceedings of the thirty-sixth annual ACM symposium on Theory of computing
The spending constraint model for market equilibrium: algorithmic, existence and uniqueness results
STOC '04 Proceedings of the thirty-sixth annual ACM symposium on Theory of computing
Market equilibrium via the excess demand function
Proceedings of the thirty-seventh annual ACM symposium on Theory of computing
Leontief economies encode nonzero sum two-player games
SODA '06 Proceedings of the seventeenth annual ACM-SIAM symposium on Discrete algorithm
Eisenberg-Gale markets: algorithms and structural properties
Proceedings of the thirty-ninth annual ACM symposium on Theory of computing
Fast-converging tatonnement algorithms for one-time and ongoing market problems
STOC '08 Proceedings of the fortieth annual ACM symposium on Theory of computing
Market equilibrium via a primal--dual algorithm for a convex program
Journal of the ACM (JACM)
Market Equilibria in Polynomial Time for Fixed Number of Goods or Agents
FOCS '08 Proceedings of the 2008 49th Annual IEEE Symposium on Foundations of Computer Science
Market equilibria with hybrid linear-Leontief utilities
Theoretical Computer Science
Theory and algorithms for modern problems in machine learning and an analysis of markets
Theory and algorithms for modern problems in machine learning and an analysis of markets
Proceedings of the forty-second ACM symposium on Theory of computing
Spending Constraint Utilities with Applications to the Adwords Market
Mathematics of Operations Research
Proportional response dynamics in the Fisher market
Theoretical Computer Science
A revealed preference approach to computational complexity in economics
Proceedings of the 12th ACM conference on Electronic commerce
Market equilibrium for CES exchange economies: existence, multiplicity, and computation
FSTTCS '05 Proceedings of the 25th international conference on Foundations of Software Technology and Theoretical Computer Science
Tatonnement beyond gross substitutes?: gradient descent to the rescue
Proceedings of the forty-fifth annual ACM symposium on Theory of computing
Hi-index | 0.00 |
This paper continues the study, initiated by Cole and Fleischer in [Cole and Fleischer 2008], of the behavior of a tatonnement price update rule in Ongoing Fisher Markets. The prior work showed fast convergence toward an equilibrium when the goods satisfied the weak gross substitutes property and had bounded demand and income elasticities. The current work shows that fast convergence also occurs for the following type of markets: All pairs of goods are complements to each other, and the demand and income elasticities are suitably bounded. In particular, these conditions hold when all buyers in the market are equipped with CES utilities, where all the parameters ρ, one per buyer, satisfy -1 ρ ≤ 0. In addition, we extend the above result to markets in which a mixture of complements and substitutes occur. This includes characterizing a class of nested CES utilities for which fast convergence holds. An interesting technical contribution, which may be of independent interest, is an amortized analysis for handling asynchronous events in settings in which there are a mix of continuous changes and discrete events.