Market Communication in Production Economies

  • Christopher A. Wilkens
Conference paper

DOI: 10.1007/978-3-642-17572-5_32

Part of the Lecture Notes in Computer Science book series (LNCS, volume 6484)
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

Abstract

We study the information content of equilibrium prices using the market communication model of Deng, Papadimitriou, and Safra [4]. 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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Copyright information

© Springer-Verlag Berlin Heidelberg 2010

Authors and Affiliations

  • Christopher A. Wilkens
    • 1
  1. 1.Computer Science DivisionUniversity of CaliforniaBerkeleyUSA

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