Erel Segal: ←Removed redirect to Fisher market#computation
'''Market equilibrium computation''' (also called '''competitive equilibrium computation''' or '''clearing-prices computation''') is a [[computational problem]] in the intersection of [[economics]] and [[computer science]]. The input to this problem is a ''market'', consisting of a set of ''objects'' and a set of ''agents''. There are various kinds of markets, such as [[Fisher market]] and [[Arrow–Debreu model|Arrow–Debreu market]], with divisible or indivisible objects. The required output is a [[Competitive equilibrium|''competitive equilibrium'']], consisting of a ''price-vector'' (a price for each object), and an ''allocation'' (a subset of objects for each agent), such that each agent gets the best bundle possible (for him) given the budget, and the market ''clears'' (all objects are allocated).
== Input ==
== References ==
[[Category:Market (economics)]]
[[Category:Computational economics]]
== Input ==
== References ==
[[Category:Market (economics)]]
[[Category:Computational economics]]
from Wikipedia - New pages [en] https://ift.tt/2Oq8jYI
via IFTTT
No comments:
Post a Comment