WebAbstract In a Fisher market, a market maker sells m items to n potential buyers. The buyers submit their utility functions and money endowments to the market maker, who, upon receiving submitted information, derives market equilibrium prices and … Webwith the findings in [7], [6]: in the Fisher market setup, incentive ratios are bounded by the small constants 2, 2 and e1/e ≈ 1.44 for linear, Leontief and Cobb–Douglas markets, …

[PDF] Incentive Ratios of Fisher Markets Semantic Scholar

WebWhile agents may benefit by misreporting their private information, we show that the percentage of improvement by a unilateral strategic play, called incentive ratio, is rather … WebMoreover, it can be pinned down to in Cobb-Douglas markets. For the Leontief markets in which products are complementary, we show that the incentive ratio is at most two as well. KW - Fisher market. KW - Incentive ratio. KW - Market equilibrium. U2 - 10.1016/j.ic.2024.104875. DO - 10.1016/j.ic.2024.104875. M3 - Article. VL - 285 bits lowest highest

Incentive Ratios of Fisher Markets SpringerLink

http://www.hongyangzhang.com/incentive_ratio_icalp12.pdf Websizes. Potentially, the concept incentive ratio can have applications in other strategic settings as well. 1 Introduction Market equilibrium is a vital notion in classical economic theory. Understanding its properties and computation has been one of the central questions in Algo-rithmic Game Theory. For the Fisher market model [7], we consider ... Webratio (Chen, Deng, and Zhang 2011). Incentive ratio is de-fined as the factor of the largest possible utility gain that a participant can achieve by behaving strategically, given that all … bit slow