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commodities-auction.auction
Generalized English auction for differentiated commodity markets.
Generalized English auction for differentiated commodity markets.
runclj
(run supply demand entry)(run supply demand entry option)Finds equilibrium prices for differentiated commodity markets.
The algorithm will run the generalized English auction (Gul & Stacchetti 2000) to balance interaction between different markets, which concurrently utilizing resources from the same finite pool of international supply.
Gul, F., & Stacchetti, E. (2000). The English Auction with Differentiated Commodities. Journal of Economic Theory, 92(1): 66-95. https://doi.org/10.1006/jeth.1999.2580
Finds equilibrium prices for differentiated commodity markets. The algorithm will run the generalized English auction (Gul & Stacchetti 2000) to balance interaction between different markets, which concurrently utilizing resources from the same finite pool of international supply. Gul, F., & Stacchetti, E. (2000). The English Auction with Differentiated Commodities. Journal of Economic Theory, 92(1): 66-95. https://doi.org/10.1006/jeth.1999.2580
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