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Paper:

TR08-047 | 17th March 2008 00:00

Continuity Properties of Equilibria in Some Fisher and Arrow-Debreu Market Models

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TR08-047
Authors: Vijay V. Vazirani, Wang Lei
Publication: 28th April 2008 23:15
Downloads: 1717
Keywords: 


Abstract:

Following up on the work of Megiddo and Vazirani \cite{MV.2007}, who
determined continuity properties of equilibrium prices and
allocations for perhaps the simplest market model, Fisher's linear
case, we do the same for:
\begin{itemize}
\item
Fisher's model with piecewise-linear, concave utilities
\item
Fisher's model with spending constraint utilities
\item
Arrow-Debreu's model with linear utilities
\item
Arrow-Debreu's model with piecewise-linear, concave utilities
\end{itemize}



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