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arXiv · 1108.2728

Market Mechanisms with Non-Price-Taking Agents

Ali Kakhbod
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Abstract

The paper develops a decentralized resource allocation mechanism for allocating divisible goods with capacity constraints to non-price-taking agents with general concave utilities. The proposed mechanism is always budget balanced, individually rational, and it converges to an optimal solution of the corresponding centralized problem. Such a mechanism is very useful in a network with general topology and no auctioneer where the competitive agents/users want different type of services.

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Ali Kakhbod. 2011-08-12. Market Mechanisms with Non-Price-Taking Agents. https://arxiv.org/abs/1108.2728

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