License: Creative Commons Attribution 3.0 Unported license (CC BY 3.0)
When quoting this document, please refer to the following
DOI: 10.4230/LIPIcs.ESA.2018.18
URN: urn:nbn:de:0030-drops-94812
URL: http://dagstuhl.sunsite.rwth-aachen.de/volltexte/2018/9481/
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Cheung, Yun Kuen ; Cole, Richard

Amortized Analysis of Asynchronous Price Dynamics

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LIPIcs-ESA-2018-18.pdf (0.5 MB)

Abstract

We extend a recently developed framework for analyzing asynchronous coordinate descent algorithms to show that an asynchronous version of tatonnement, a fundamental price dynamic widely studied in general equilibrium theory, converges toward a market equilibrium for Fisher markets with CES utilities or Leontief utilities, for which tatonnement is equivalent to coordinate descent.

BibTeX - Entry

@InProceedings{cheung_et_al:LIPIcs:2018:9481,
  author =	{Yun Kuen Cheung and Richard Cole},
  title =	{{Amortized Analysis of Asynchronous Price Dynamics}},
  booktitle =	{26th Annual European Symposium on Algorithms (ESA 2018)},
  pages =	{18:1--18:15},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-081-1},
  ISSN =	{1868-8969},
  year =	{2018},
  volume =	{112},
  editor =	{Yossi Azar and Hannah Bast and Grzegorz Herman},
  publisher =	{Schloss Dagstuhl--Leibniz-Zentrum fuer Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{http://drops.dagstuhl.de/opus/volltexte/2018/9481},
  URN =		{urn:nbn:de:0030-drops-94812},
  doi =		{10.4230/LIPIcs.ESA.2018.18},
  annote =	{Keywords: Asynchronous Tatonnement, Fisher Market, Market Equilibrium, Amortized Analysis}
}

Keywords: Asynchronous Tatonnement, Fisher Market, Market Equilibrium, Amortized Analysis
Collection: 26th Annual European Symposium on Algorithms (ESA 2018)
Issue Date: 2018
Date of publication: 14.08.2018

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