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Paper Abstract and Keywords
Presentation 2008-03-10 14:50
An extention of the auction algorithm for the duty model and its implementation
Toru Miyazawa, Yoshinori Takei (Nagaoka Univ. Tech.) COMP2007-62
Abstract (in Japanese) (See Japanese page) 
(in English) The ability of forecasting the equilibrium price in a market is valuable for both consumers and suppliers because it would lead to an efficient use of limited resources. The producer model, a kind of market model, and an auction algorithm for it which derives an approximate solution of the equilibrium price efficiently were proposed in [Kapoor, Mehta, Vazirani; WINE2005].

In this report, we extend the producer model by introducing the notion of duty so that the resulting model is more realistic. Moreover, we extend the auction algorithm of Kapoor etal. to one which works under the duty model, calculating the approximate equilibrium price within the step time proportional to the square of the number of consumers, to the square of the number of species of goods, to the square of the number of producers, to the total budget of the consumers, and to the square of the reciprocal (to the resiprocal; if the duty is uniform with respect to the goods and depends only on the producers) of the error bound of the approximate equilibrium price. We also present an implementation of the proposed algorithm.
Keyword (in Japanese) (See Japanese page) 
(in English) auction algorithms / approximation algorithms / the equilibrium price / / / / /  
Reference Info. IEICE Tech. Rep., vol. 107, no. 537, COMP2007-62, pp. 47-54, March 2008.
Paper # COMP2007-62 
Date of Issue 2008-03-03 (COMP) 
ISSN Print edition: ISSN 0913-5685    Online edition: ISSN 2432-6380
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All rights are reserved and no part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher. Notwithstanding, instructors are permitted to photocopy isolated articles for noncommercial classroom use without fee. (License No.: 10GA0019/12GB0052/13GB0056/17GB0034/18GB0034)
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Conference Information
Committee COMP  
Conference Date 2008-03-10 - 2008-03-10 
Place (in Japanese) (See Japanese page) 
Place (in English)  
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Paper Information
Registration To COMP 
Conference Code 2008-03-COMP 
Language Japanese 
Title (in Japanese) (See Japanese page) 
Sub Title (in Japanese) (See Japanese page) 
Title (in English) An extention of the auction algorithm for the duty model and its implementation 
Sub Title (in English)  
Keyword(1) auction algorithms  
Keyword(2) approximation algorithms  
Keyword(3) the equilibrium price  
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1st Author's Name Toru Miyazawa  
1st Author's Affiliation Nagaoka University of Technology (Nagaoka Univ. Tech.)
2nd Author's Name Yoshinori Takei  
2nd Author's Affiliation Nagaoka University of Technology (Nagaoka Univ. Tech.)
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Speaker Author-2 
Date Time 2008-03-10 14:50:00 
Presentation Time 25 minutes 
Registration for COMP 
Paper # COMP2007-62 
Volume (vol) vol.107 
Number (no) no.537 
Page pp.47-54 
#Pages
Date of Issue 2008-03-03 (COMP) 


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