On Resource-Oriented Multi-Commodity Market Computations
| Document type: | Researchreports |
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| Full text: | |
| Author(s): | Fredrik Ygge, Hans Akkermans |
| Title: | On Resource-Oriented Multi-Commodity Market Computations |
| Series: | Research Report |
| Year: | 1998 |
| Issue: | 7 |
| ISSN: | 1103-1581 |
| Organization: | Blekinge Institute of Technology |
| Department: | Dept. of Computer Science and Business Administration (Institutionen för datavetenskap och ekonomi) Dept. of Computer Science and Business Administration S-372 25 Ronneby +46 455 780 00 http://www.ide.hk-r.se/ |
| Authors e-mail: | fredrik.ygge@enersearch.se |
| Language: | English |
| Abstract: | In search for general equilibrium in multi-commodity markets, price-oriented schemes are normally used. That is, a set of prices (one price for each commodity) is updated until supply meets demand for each commodity. In some cases such an approach is very inefficient, and a resource-oriented scheme can be highly competitive. In a resource-oriented scheme the allocations are updated until the market equilibrium is found. It is well known that in a two-commodity market resource-oriented schemes are possible. In this paper we show that resource-oriented algorithms can be used for the general multi-commodity case as well, and present and analyze a specific algorithm. The algorithm has been implemented and some performance properties, for a specific example, are presented. |
| Summary in Swedish: | Artikeln beskriver i detalj hur man kan beräkna en marknadsjämvikt genom att använda allokeringarna som de fria parametrarna. |
| Subject: | Computer Science\Artificial Intelligence Computer Science\Distributed Computing |
| Keywords: | Resource-oriented algorithms, market-oriented programming, computation of general equilibrium |
| Note: | This paper is an extended version of a paper published at the Third International Conference on Multi-Agent Systems, ICMAS 98. (See also http://cosmos.imag.fr/MAGMA/ICMAS98/) |
| URN: | urn:nbn:se:bth-00107 |
