Parallel and distributed computation: numerical methods
Parallel and distributed computation: numerical methods
Progressive equilibration algorithms: the case of linear transaction costs
Computer Science in Economics and Management
Market-based control: a paradigm for distributed resource allocation
Market-based control: a paradigm for distributed resource allocation
Growing artificial societies: social science from the bottom up
Growing artificial societies: social science from the bottom up
Market-driven service allocation in a QoS-capable environment
Proceedings of the first international conference on Information and computation economies
The POPCORN market—an online market for computational resources
Proceedings of the first international conference on Information and computation economies
Conjectural Equilibrium in Multiagent Learning
Machine Learning
Approximating the 0-1 multiple knapsack problem with agent decomposition and market negotiation
IEA/AIE '00 Proceedings of the 13th international conference on Industrial and engineering applications of artificial intelligence and expert systems: Intelligent problem solving: methodologies and approaches
Market-based agent allocation in global information systems
Proceedings of the fifth international conference on Autonomous agents
Resource-Oriented Multicommodity Market Algorithms
Autonomous Agents and Multi-Agent Systems
Autonomous Agents and Multi-Agent Systems
IEEE Intelligent Systems
Markets as Global Scheduling Mechanisms: The Current State
ICCS '02 Proceedings of the International Conference on Computational Science-Part I
G-commerce: Market Formulations Controlling Resource Allocation on the Computational Grid
IPDPS '01 Proceedings of the 15th International Parallel & Distributed Processing Symposium
Multi-agent System for Flexible Manufacturing Systems Management
CEEMAS '01 Revised Papers from the Second International Workshop of Central and Eastern Europe on Multi-Agent Systems: From Theory to Practice in Multi-Agent Systems
Automated Negotiation in Many-to-Many Markets for Imperfectly Substitutable Goods
AAMAS '02 Revised Papers from the Workshop on Agent Mediated Electronic Commerce on Agent-Mediated Electronic Commerce IV, Designing Mechanisms and Systems
Using Market Mechanisms to Control Agent Allocation in Global Information Systems
DEXA '01 Proceedings of the 12th International Conference on Database and Expert Systems Applications
On market-inspired approaches to propositional satisfiability
Artificial Intelligence
Coalition formation in proportionally fair divisible auctions
AAMAS '03 Proceedings of the second international joint conference on Autonomous agents and multiagent systems
Automated negotiation for order transaction of injection mold manufacturer
ICEC '03 Proceedings of the 5th international conference on Electronic commerce
The MarCon algorithm: A systematic market approach to distributed constraint problems
Artificial Intelligence for Engineering Design, Analysis and Manufacturing
Auction algorithms for market equilibrium
STOC '04 Proceedings of the thirty-sixth annual ACM symposium on Theory of computing
Market-based recommendation: Agents that compete for consumer attention
ACM Transactions on Internet Technology (TOIT)
The computation of market equilibria
ACM SIGACT News
Analyzing Market-Based Resource Allocation Strategies for the Computational Grid
International Journal of High Performance Computing Applications
Formal specification of multi-agent e-barter systems
Science of Computer Programming
A preference processing model for cooperative agents
Journal of Intelligent Information Systems
Auction Algorithms for Market Equilibrium
Mathematics of Operations Research
Grid resource management based on economic mechanisms
The Journal of Supercomputing
A case for cooperative and incentive-based federation of distributed clusters
Future Generation Computer Systems
Exchange market for complex commodities: search for optimal matches
Journal of Experimental & Theoretical Artificial Intelligence
An experimental study of different approaches to solve the market equilibrium problem
Journal of Experimental Algorithmics (JEA)
Utility pricing auction for multi-period resource allocation in multi-machine flow shop problems
Proceedings of the 10th international conference on Electronic commerce
Efficiency and equilibrium in task allocation economies with hierarchical dependencies
IJCAI'99 Proceedings of the 16th international joint conference on Artifical intelligence - Volume 1
Introducing CEES: complex economic environments simulator
ICCS'03 Proceedings of the 2003 international conference on Computational science: PartII
MACRO-SYS: an interactive macroeconomics simulator for advanced learning
ACIIDS'10 Proceedings of the Second international conference on Intelligent information and database systems: Part II
Market-based allocation with indivisible bids
AMEC'05 Proceedings of the 2005 international conference on Agent-Mediated Electronic Commerce: designing Trading Agents and Mechanisms
Global pricing in large scale computational markets
GPC'12 Proceedings of the 7th international conference on Advances in Grid and Pervasive Computing
Robust distributed scheduling via time-period aggregation
Web Intelligence and Agent Systems
| Hi-index | 0.01 |
The WALRAS algorithm calculates competitive equilibria via a distributed tatonnement-like process, in which agentssubmit single-good demand functions to market-clearing auctions.The algorithm is asynchronous and decentralized with respect to both agents and markets, making it suitable for distributed implementation. We present a formal description of this algorithm, and prove that it converges under the standard assumption of gross substitutability. We relate our resultsto the literature on general equilibrium stability and some more recent work on decentralized algorithms. We present some experimental results as well, particularly for cases where the assumptions required to guarantee convergence do not hold.Finally, we consider some extensions and generalizations tothe WALRAS algorithm.