Crockett, Sean; Spear, Stephen; Sunder, Shyam - Carnegie Mellon University, Tepper School of Business - 1899
The epsilon-intelligent competitive equilibrium algorithm is a decentralized alternative to Walras' tatonnement procedure for markets to arrive at competitive equilibrium. We build on the Gode-Spear-Sunder zero-intelligent algorithm in which random generation of bids and offers from agents'...