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来源类型 | FEEM working papers "Note di lavoro" series |
规范类型 | 论文 |
The Evolution of Core Stability in Decentralized Matching Markets | |
Heinrich H. Nax; Bary S. R. Pradelski; H. Peyton Young | |
发表日期 | 2013 |
出处 | Climate Change and Sustainable Development |
出版年 | 2013 |
语种 | 英语 |
摘要 | Decentralized matching markets on the internet allow large numbers of agents to interact anonymously at virtually no cost. Very little information is available to market participants and trade takes place at many different prices simultaneously. We propose a decentralized, completely uncoupled learning process in such environments that leads to stable and efficient outcomes. Agents on each side of the market make bids for potential partners and are matched if their bids are mutually profitable. Matched agents occasionally experiment with higher bids if on the buy-side (or lower bids if on the sell-side), while single agents, in the hope of attracting partners, lower their bids if on the buy-side (or raise their bids if on the sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of other agents' strategies, payoffs, or the structure of the game, and there is no central authority with such knowledge either. |
特色分类 | C71;C73;C78;D83 |
关键词 | Assignment Games Cooperative Games Core Evolutionary Game Theory Learning Matching Markets |
URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-evolution-of-core-stability-in-decentralized-matching-markets/ |
来源智库 | Fondazione Eni Enrico Mattei (Italy) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118176 |
推荐引用方式 GB/T 7714 | Heinrich H. Nax,Bary S. R. Pradelski,H. Peyton Young. The Evolution of Core Stability in Decentralized Matching Markets. 2013. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
20135291531541Nota_d(71KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
20135291532464NDL201(1336KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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