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The Fisher Market Game: Equilibrium and Welfare.

Abstract:

The Fisher market model is one of the most fundamental resource allocation models in economics. In a Fisher market, the prices and allocations of goods are determined according to the preferences and budgets of buyers to clear the market. In a Fisher market game, however, buyers are strategic and report their preferences over goods; the market-clearing prices and allocations are then determined based on their reported preferences rather than their real preferences. We show that the Fisher mar...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Accepted manuscript

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Institution:
University of Oxford
Department:
Oxford, MPLS, Computer Science
Role:
Author
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Role:
Editor
Role:
Editor
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Grant:
SinoDanish Center for the Theory of Interactive Computation
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Grant:
61061130540: SinoDanish Center for the Theory of Interactive Computation
Center for research in the Foundations of Electronic Markets More from this funder
Publisher:
Association for the Advancement of Artificial Intelligence Publisher's website
Volume:
1
Pages:
587-593
Publication date:
2014-06-21
URN:
uuid:2fd213f0-eccf-48e9-80a1-762252a8e0c0
Source identifiers:
489683
Local pid:
pubs:489683
ISBN:
978-1-57735-661-5

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