| Autor: |
Andersson, Tommy, Andersson, Christer, Talman, Adolphus Johannes Jan |
| Jazyk: |
angličtina |
| Rok vydání: |
2012 |
| Předmět: |
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| Popis: |
This paper analyzes the problem of selecting a set of items whose prices are to be updated in the next iteration in so called simple ascending auctions with unit-demand bidders. A family of sets called "sets in excess demand" is introduced, and the main results demonstrate that a simple ascending auction always terminates at the minimum Walrasian equilibrium prices if and only if the selection belongs to this family. The paper also specifies a number of properties of the family of sets in excess demand and relate previously proposed selections to it. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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