Accession Number:

ADA045612

Title:

Dense Families of Low-Complexity Attainable Sets of Markets.

Descriptive Note:

Technical rept.,

Corporate Author:

CORNELL UNIV ITHACA N Y SCHOOL OF OPERATIONS RESEARCH AND INDUSTRIAL ENGINEERING

Personal Author(s):

Report Date:

1977-07-01

Pagination or Media Count:

14.0

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 nn-12. Author

Subject Categories:

  • Economics and Cost Analysis
  • Numerical Mathematics

Distribution Statement:

APPROVED FOR PUBLIC RELEASE