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On Resource-Oriented Multi-Commodity Market Computations
Responsible organisation
1998 (English)Report (Other academic)
Abstract [en]

In search for general equilibrium in multi-commodity markets, price-oriented schemes are normally used. That is, a set of prices (one price for each commodity) is updated until supply meets demand for each commodity. In some cases such an approach is very inefficient, and a resource-oriented scheme can be highly competitive. In a resource-oriented scheme the allocations are updated until the market equilibrium is found. It is well known that in a two-commodity market resource-oriented schemes are possible. In this paper we show that resource-oriented algorithms can be used for the general multi-commodity case as well, and present and analyze a specific algorithm. The algorithm has been implemented and some performance properties, for a specific example, are presented.

Abstract [sv]

Artikeln beskriver i detalj hur man kan beräkna en marknadsjämvikt genom att använda allokeringarna som de fria parametrarna.

Place, publisher, year, edition, pages
Blekinge Tekniska Högskola Forskningsrapport, ISSN 1103-1581 ; 7
Keyword [en]
Resource-oriented algorithms, market-oriented programming, computation of general equilibrium
National Category
Computer Science
URN: urn:nbn:se:bth-00107Local ID: diva2:837439
This paper is an extended version of a paper published at the Third International Conference on Multi-Agent Systems, ICMAS 98. (See also from: 2012-09-18 Created: 2000-03-15 Last updated: 2015-06-30Bibliographically approved

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