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Graphical Economics  (Make Corrections)  
Sham M. Kakade, Michael Kearns, and Luis E. Ortiz Department of Computer and...



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Abstract: We introduce a graph-theoretic generalization of classical Arrow-Debreu economics, in which an undirected graph specifies which consumers or economies are permitted to engage in direct trade, and the graph topology may give rise to local variations in the prices of commodities. Our main technical contributions are: (1) a general existence theorem for graphical equilibria, which require local markets to clear; (2) an improved algorithm for computing approximate equilibria in standard... (Update)

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BibTeX entry:   (Update)

@misc{ michael-graphical,
  author = "Sham Kakade Michael",
  title = "Graphical Economics",
  url = "citeseer.ist.psu.edu/631719.html" }
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