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An Improved Approximation Scheme for Computing Arrow-Debreu Prices for the Linear Case

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FST TCS 2003: Foundations of Software Technology and Theoretical Computer Science (FSTTCS 2003)

Part of the book series: Lecture Notes in Computer Science ((LNCS,volume 2914))

Abstract

Recently, Jain, Mahdian and Saberi [5] had given a FPTAS for the problem of computing a market equilibrium in the Arrow-Debreu setting, when the utilities are linear functions. Their running time depended on the size of the numbers representing the utilities and endowments of the buyers. In this paper, we give a strongly polynomial time approximation scheme for this problem. Our algorithm builds upon the main ideas behind the algorithm in [3].

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References

  1. Arrow, K.K., Debreu, G.: Existence of an Equilibrium for a Competitive Economy. Econometrica 22, 265–290 (1954)

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  2. Deng, X., Papadimitriou, C.H., Safra, S.: On the Complexity of Equilibria. In: Proc. STOC (2002)

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  3. Devanur, N.R., Papadimitriou, C.H., Saberi, A., Vazirani, V.V.: Market Equilibrium via a Primal-Dual-Type Algorithm. In: Proc. FOCS (2002)

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  4. Devanur, N.R., Papadimitriou, C.H., Saberi, A., Vazirani, V.V.: Market Equilibrium via a Primal-Dual-Type Algorithm. Full version, Available at http://www.cc.gatech.edu/nikhil/pubs/market-full.ps

  5. Jain, K., Mahdian, M., Saberi, A.: Approximating Market Equilibrium. To appear in Proc. APPROX (2003)

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  6. Scarf, H.: The Computation of Economic Equilibria (with collaboration of T. Hansen). Cowles Foundation Monograph 24 (1973)

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© 2003 Springer-Verlag Berlin Heidelberg

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Devanur, N.R., Vazirani, V.V. (2003). An Improved Approximation Scheme for Computing Arrow-Debreu Prices for the Linear Case. In: Pandya, P.K., Radhakrishnan, J. (eds) FST TCS 2003: Foundations of Software Technology and Theoretical Computer Science. FSTTCS 2003. Lecture Notes in Computer Science, vol 2914. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-24597-1_13

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  • DOI: https://doi.org/10.1007/978-3-540-24597-1_13

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-20680-4

  • Online ISBN: 978-3-540-24597-1

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