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 language | English |
|---|---|
| Title of host publication | Internet and Network Economics - 8th International Workshop, WINE 2012, Proceedings |
| Pages | 561 |
| Number of pages | 1 |
| DOIs | |
| State | Published - 2012 |
| Event | 8th International Workshop on Internet and Network Economics, WINE 2012 - Liverpool, United Kingdom Duration: 10 Dec 2012 → 12 Dec 2012 |
Publication series
| Name | Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) |
|---|---|
| Volume | 7695 LNCS |
| ISSN (Print) | 0302-9743 |
| ISSN (Electronic) | 1611-3349 |
Conference
| Conference | 8th International Workshop on Internet and Network Economics, WINE 2012 |
|---|---|
| Country/Territory | United Kingdom |
| City | Liverpool |
| Period | 10/12/12 → 12/12/12 |
Bibliographical note
Funding Information:This research was supported in part by grants from the the Science Foundation (ISF), by grants from United States-Israel Binational Science Foundation (BSF), by a grant from the Israeli Ministry of Science (MoS), by The Israeli Centers of Research Excellence (I-CORE) program, (Center No. 4/11) and by the Google Inter-university center for Electronic Markets and Auctions.
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