Anzeige
Erschienen in:
2010 | OriginalPaper | Buchkapitel
Market Equilibrium with Transaction Costs
verfasst von : Sourav Chakraborty, Nikhil R. Devanur, Chinmay Karande
Erschienen in: Internet and Network Economics
Verlag: Springer Berlin Heidelberg
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by (Link öffnet in neuem Fenster)
Identical products being sold at different prices in different locations is a common phenomenon. To model such scenarios, we supplement the classical Fisher market model by introducing
transaction costs
. For every buyer
i
and good
j
, there is a transaction cost of
c
ij
; if the price of good
j
is
p
j
, then the cost to the buyer
i
per unit
of
j
is
p
j
+
c
ij
. The same good can thus be sold at different (effective) prices to different buyers. We provide a combinatorial algorithm that computes
ε
-approximate equilibrium prices and allocations in
$O\left(\frac{1}{\epsilon}(n+\log{m})mn\log(B/\epsilon)\right)$
operations - where
m
is the number goods,
n
is the number of buyers and
B
is the sum of the budgets of all the buyers.
