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The allocation of discrete, complementary resources is a fundamental problem in economics and of direct interest to e-commerce applications. In this paper we establish that competitive equilibrium bundle prices always exist that support the efficient allocation in discrete resource allocation...
Persistent link: https://www.econbiz.de/10005790739
We analyze economic efficiency and equilibrium properties in decentralized task allocation problems involving hierarchical dependencies and resource contention. We bound the inefficiency of a type of approximate equilibrium in proportion to the number of agents and the bidding parameters in a...
Persistent link: https://www.econbiz.de/10005837713