Dense Families of Low-Complexity Attainable Sets of Markets.

Abstract

Given the attainable set of utility outcomes for a market (with finitely many traders), its complexity is defined to be the least number of commodities needed for any market giving the same set. This notion is investigated both in the case of quasiconcave and concave utility functions. It is shown that, in either case, there is a dense collection of attainable sets having complexity at most n(n-1)/2. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Jul 01, 1977
Accession Number
ADA045612

Entities

People

  • Louis J. Billera
  • Robert J. Weber

Organizations

  • Cornell University College of Engineering

Tags

DTIC Thesaurus Topics

  • Boundaries
  • Commodities
  • Construction
  • Cooperative Games
  • Engineering
  • Industrial Engineering
  • Military Research
  • New York
  • Operations Research
  • Schools
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  • Universities

Fields of Study

  • Economics

Readers

  • Adaptive Control and Estimation with Uncertainty in Dynamic Systems.
  • Economics
  • Statistical inference.