haku: @author Brewer, P. / yhteensä: 5
viite: 2 / 5
| Tekijä: | Brewer, P. |
| Otsikko: | Decentralized computation procurement and computational robustness in a smart market |
| Lehti: | Economic Theory
1999 : VOL. 13:1, p. 41-92 |
| Asiasana: | COMPUTERS MARKETS DECENTRALISATION |
| Kieli: | eng |
| Tiivistelmä: | Several "smart market" mechanisms have recently appeared in the literature. These mechanisms combine a computer network that collects bids from agents with a central computer that selects a schedule of bids to fill based upon maximization of revenue or trading surplus. Potential problems exist when this optimization involves combinatorial difficulty sufficient to overwhelm the central computer. This paper explores the use of a computation procuring clock auction to induce human agents to approximate the solution to discrete constrained optimization problems. |
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