Convergence of price processes under two dynamic double auctions

Convergence of price processes under two dynamic double auctions

We study the convergence of two price processes generated by two dynamic double auctions (DA) and provide conditions under which the two price processes converge to a Walrasian equilibrium in the underlying economy. When the conditions are not satisfied, the price processes may result in a bubble or...

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Bibliographic Details
Main Authors:	Jinpeng Ma, Qiongling Li
Format:	Article
Language:	English
Published:	Society for the Promotion of Mechanism and Institution Design 2016-12-01
Series:	Journal of Mechanism and Institution Design
Subjects:	Double auction mechanisms incremental subgradient methods network resource allocations
Online Access:	http://www.mechanism-design.org/arch/v001-1/p_01.pdf

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