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- W1583899442 abstract "We present a new flow-type convex program describing equilibrium solutions to linear Arrow-Debreu markets. Whereas convex formulations were previously known ([Nenakov and Primak 1983; Jain 2007; Cornet 1989]), our program exhibits several new features. It provides a simple necessary and sufficient condition and a concise proof of the existence and rationality of equilibria, settling an open question raised by Vazirani [2012]. As a consequence, we also obtain a simple new proof of the result in Mertens [2003] that the equilibrium prices form a convex polyhedral set." @default.
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- W1583899442 date "2016-10-10" @default.
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- W1583899442 title "A Rational Convex Program for Linear Arrow-Debreu Markets" @default.
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- W1583899442 doi "https://doi.org/10.1145/2930658" @default.
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