Market Communication in Production Economies
- Cite this paper as:
- Wilkens C.A. (2010) Market Communication in Production Economies. In: Saberi A. (eds) Internet and Network Economics. WINE 2010. Lecture Notes in Computer Science, vol 6484. Springer, Berlin, Heidelberg
We study the information content of equilibrium prices using the market communication model of Deng, Papadimitriou, and Safra . We show that, in the worst case, communicating an exact equilibrium in a production economy requires a number of bits that is a quadratic polynomial in the number of goods, the number of agents, the number of firms, and the number of bits used to represent an endowment.
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