Cart (Loading....) | Create Account
Close category search window
 

A study on agent behaviour conducting Pareto optimality in virtual market

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

3 Author(s)
Kaihara, T. ; Graduate Sch. of Sci. & Technol., Kobe Univ., Japan ; Fujii, S. ; Yoshimura, N.

There are two major central multi-agent models used in economics; the general equilibrium model and the strategic or game theoretic model, and we examine the earlier in this paper. General equilibrium theory is a concept of competitive or Walrasian equilibrium that is a situation in which total demand exactly equals total supply. It was proved that the allocation in the equilibrium state of Walrasian market is Pareto optimal in microeconomics. We demonstrate the applicability of the Walrasian virtual market concept with multi-agent paradigm to resource allocation problem. In this paper, we clarify the proposed multi-agent based algorithm successfully calculates Pareto optimal solutions in the resource allocation problem by comparing our method with analytic approaches, such as ε constraint method and fixed point algorithm.

Published in:

Computational Intelligence in Robotics and Automation, 2003. Proceedings. 2003 IEEE International Symposium on  (Volume:3 )

Date of Conference:

16-20 July 2003

Need Help?


IEEE Advancing Technology for Humanity About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies

A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2014 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.