Improved Algorithms for Computing Fisher's Market Clearing Prices

ACM Digital Library url: http://dl.acm.org/citation.cfm?id=1806731

Bibliographic Details
Main Author: Orlin, James B. (Contributor)
Other Authors: Sloan School of Management (Contributor)
Format: Article
Language:English
Published: Association for Computing Machinery, 2012-01-06T16:31:07Z.
Subjects:
Online Access:Get fulltext
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042 |a dc 
100 1 0 |a Orlin, James B.  |e author 
100 1 0 |a Sloan School of Management  |e contributor 
100 1 0 |a Orlin, James B.  |e contributor 
100 1 0 |a Orlin, James B.  |e contributor 
245 0 0 |a Improved Algorithms for Computing Fisher's Market Clearing Prices 
260 |b Association for Computing Machinery,   |c 2012-01-06T16:31:07Z. 
856 |z Get fulltext  |u http://hdl.handle.net/1721.1/68009 
520 |a ACM Digital Library url: http://dl.acm.org/citation.cfm?id=1806731 
520 |a We give the first strongly polynomial time algorithm for computing an equilibrium for the linear utilities case of Fisher's market model. We consider a problem with a set B of buyers and a set G of divisible goods. Each buyer i starts with an initial integral allocation ei of money. The integral utility for buyer i of good j is Uij. We first develop a weakly polynomial time algorithm that runs in O(n4 log Umax + n3 emax) time, where n = |B| + |G|. We further modify the algorithm so that it runs in O(n4 log n) time. These algorithms improve upon the previous best running time of O(n8 log Umax + n7 log emax), due to Devanur et al. 
520 |a United States. Office of Naval Research (ONR grant N00014-05-1-0165) 
546 |a en_US 
655 7 |a Article 
773 |t Proceedings of the 42nd ACM Symposium on Theory of Computing, STOC 2010, June 5, 2010 - June 8, 2010.