{"id":"https://openalex.org/W2460831122","doi":"https://doi.org/10.1145/2940716.2940765","title":"Ascending-Price Algorithms for Unknown Markets","display_name":"Ascending-Price Algorithms for Unknown Markets","publication_year":2016,"publication_date":"2016-07-21","ids":{"openalex":"https://openalex.org/W2460831122","doi":"https://doi.org/10.1145/2940716.2940765","mag":"2460831122"},"language":"en","primary_location":{"id":"doi:10.1145/2940716.2940765","is_oa":false,"landing_page_url":"https://doi.org/10.1145/2940716.2940765","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2016 ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5082638698","display_name":"Xiaohui Bei","orcid":"https://orcid.org/0000-0002-0870-5019"},"institutions":[{"id":"https://openalex.org/I172675005","display_name":"Nanyang Technological University","ror":"https://ror.org/02e7b5302","country_code":"SG","type":"education","lineage":["https://openalex.org/I172675005"]}],"countries":["SG"],"is_corresponding":true,"raw_author_name":"Xiaohui Bei","raw_affiliation_strings":["Nanyang Technological University, Singapore, Singapore"],"affiliations":[{"raw_affiliation_string":"Nanyang Technological University, Singapore, Singapore","institution_ids":["https://openalex.org/I172675005"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5077432617","display_name":"Jugal Garg","orcid":"https://orcid.org/0000-0001-6439-7308"},"institutions":[{"id":"https://openalex.org/I157725225","display_name":"University of Illinois Urbana-Champaign","ror":"https://ror.org/047426m28","country_code":"US","type":"education","lineage":["https://openalex.org/I157725225"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jugal Garg","raw_affiliation_strings":["University of Illinois at Urbana-Champaign, Urbana, IL, USA"],"affiliations":[{"raw_affiliation_string":"University of Illinois at Urbana-Champaign, Urbana, IL, USA","institution_ids":["https://openalex.org/I157725225"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5065332233","display_name":"Martin Hoefer","orcid":"https://orcid.org/0000-0003-0131-5605"},"institutions":[{"id":"https://openalex.org/I4210109712","display_name":"Max Planck Institute for Informatics","ror":"https://ror.org/01w19ak89","country_code":"DE","type":"facility","lineage":["https://openalex.org/I149899117","https://openalex.org/I4210109712"]},{"id":"https://openalex.org/I91712215","display_name":"Saarland University","ror":"https://ror.org/01jdpyv68","country_code":"DE","type":"education","lineage":["https://openalex.org/I91712215"]}],"countries":["DE"],"is_corresponding":false,"raw_author_name":"Martin Hoefer","raw_affiliation_strings":["Max-Planck-Institut f\u00fcr Informatik & Saarland University, Saarbrucken, Germany"],"affiliations":[{"raw_affiliation_string":"Max-Planck-Institut f\u00fcr Informatik & Saarland University, Saarbrucken, Germany","institution_ids":["https://openalex.org/I4210109712","https://openalex.org/I91712215"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5082638698"],"corresponding_institution_ids":["https://openalex.org/I172675005"],"apc_list":null,"apc_paid":null,"fwci":3.773,"has_fulltext":false,"cited_by_count":3,"citation_normalized_percentile":{"value":0.94789673,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":96},"biblio":{"volume":null,"issue":null,"first_page":"699","last_page":"699"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11031","display_name":"Game Theory and Applications","score":0.9878000020980835,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.9828000068664551,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/oracle","display_name":"Oracle","score":0.6656678318977356},{"id":"https://openalex.org/keywords/ellipsoid-method","display_name":"Ellipsoid method","score":0.6542044281959534},{"id":"https://openalex.org/keywords/bounded-function","display_name":"Bounded function","score":0.6500536203384399},{"id":"https://openalex.org/keywords/arrow","display_name":"Arrow","score":0.6107752323150635},{"id":"https://openalex.org/keywords/aggregate","display_name":"Aggregate (composite)","score":0.5184568762779236},{"id":"https://openalex.org/keywords/polynomial","display_name":"Polynomial","score":0.491555780172348},{"id":"https://openalex.org/keywords/representation","display_name":"Representation (politics)","score":0.4730355441570282},{"id":"https://openalex.org/keywords/simple","display_name":"Simple (philosophy)","score":0.45354902744293213},{"id":"https://openalex.org/keywords/time-complexity","display_name":"Time complexity","score":0.4343591332435608},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4169849157333374},{"id":"https://openalex.org/keywords/mathematical-economics","display_name":"Mathematical economics","score":0.3575434386730194},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.35555046796798706},{"id":"https://openalex.org/keywords/algorithm","display_name":"Algorithm","score":0.3494676947593689},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.3110758066177368}],"concepts":[{"id":"https://openalex.org/C55166926","wikidata":"https://www.wikidata.org/wiki/Q2892946","display_name":"Oracle","level":2,"score":0.6656678318977356},{"id":"https://openalex.org/C205451395","wikidata":"https://www.wikidata.org/wiki/Q378574","display_name":"Ellipsoid method","level":5,"score":0.6542044281959534},{"id":"https://openalex.org/C34388435","wikidata":"https://www.wikidata.org/wiki/Q2267362","display_name":"Bounded function","level":2,"score":0.6500536203384399},{"id":"https://openalex.org/C2780339515","wikidata":"https://www.wikidata.org/wiki/Q3074698","display_name":"Arrow","level":2,"score":0.6107752323150635},{"id":"https://openalex.org/C4679612","wikidata":"https://www.wikidata.org/wiki/Q866298","display_name":"Aggregate (composite)","level":2,"score":0.5184568762779236},{"id":"https://openalex.org/C90119067","wikidata":"https://www.wikidata.org/wiki/Q43260","display_name":"Polynomial","level":2,"score":0.491555780172348},{"id":"https://openalex.org/C2776359362","wikidata":"https://www.wikidata.org/wiki/Q2145286","display_name":"Representation (politics)","level":3,"score":0.4730355441570282},{"id":"https://openalex.org/C2780586882","wikidata":"https://www.wikidata.org/wiki/Q7520643","display_name":"Simple (philosophy)","level":2,"score":0.45354902744293213},{"id":"https://openalex.org/C311688","wikidata":"https://www.wikidata.org/wiki/Q2393193","display_name":"Time complexity","level":2,"score":0.4343591332435608},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4169849157333374},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.3575434386730194},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.35555046796798706},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.3494676947593689},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.3110758066177368},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C159985019","wikidata":"https://www.wikidata.org/wiki/Q181790","display_name":"Composite material","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C112680207","wikidata":"https://www.wikidata.org/wiki/Q714886","display_name":"Regular polygon","level":2,"score":0.0},{"id":"https://openalex.org/C115903868","wikidata":"https://www.wikidata.org/wiki/Q80993","display_name":"Software engineering","level":1,"score":0.0},{"id":"https://openalex.org/C111110010","wikidata":"https://www.wikidata.org/wiki/Q2627315","display_name":"Convex combination","level":4,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C157972887","wikidata":"https://www.wikidata.org/wiki/Q463359","display_name":"Convex optimization","level":3,"score":0.0},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1145/2940716.2940765","is_oa":false,"landing_page_url":"https://doi.org/10.1145/2940716.2940765","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 2016 ACM Conference on Economics and Computation","raw_type":"proceedings-article"},{"id":"pmh:oai:pure.mpg.de:item_2351065","is_oa":false,"landing_page_url":"http://hdl.handle.net/11858/00-001M-0000-002B-841F-6","pdf_url":null,"source":{"id":"https://openalex.org/S4306400654","display_name":"MPG.PuRe (Max Planck Society)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I149899117","host_organization_name":"Max Planck Society","host_organization_lineage":["https://openalex.org/I149899117"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"EC'16","raw_type":"info:eu-repo/semantics/conferenceObject"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":1,"referenced_works":["https://openalex.org/W2176870082"],"related_works":["https://openalex.org/W3149432069","https://openalex.org/W1437213286","https://openalex.org/W2011564139","https://openalex.org/W2083151571","https://openalex.org/W102771113","https://openalex.org/W2403473672","https://openalex.org/W1901793333","https://openalex.org/W2073713056","https://openalex.org/W4390575969","https://openalex.org/W2185868078"],"abstract_inverted_index":{"We":[0],"design":[1],"a":[2,8,95,145],"simple":[3],"ascending-price":[4],"algorithm":[5,37,65,89],"to":[6,51,94,132],"compute":[7],"(1+\\varepsilon)-approximate":[9],"equilibrium":[10],"in":[11,23,26,69],"Arrow-Debreu":[12,46],"exchange":[13],"markets":[14],"with":[15],"weak":[16],"gross":[17],"substitute":[18],"(WGS)":[19],"property,":[20],"which":[21,48],"runs":[22],"time":[24],"polynomial":[25],"market":[27,72],"parameters":[28],"and":[29,53,85,102,138,142,149,154],"log":[30],"1/varepsilon.":[31],"This":[32],"is":[33,49],"the":[34,41,59,78,117],"first":[35],"polynomial-time":[36],"for":[38,106],"most":[39],"of":[40,45,80,115,123,140,159],"known":[42],"tractable":[43],"classes":[44],"markets,":[47],"easy":[50],"implement":[52],"avoids":[54],"heavy":[55],"machinery":[56],"such":[57],"as":[58,108],"ellipsoid":[60],"method.":[61],"In":[62],"addition,":[63],"our":[64,88],"can":[66,119],"be":[67,158],"applied":[68],"an":[70],"unknown":[71],"setting":[73],"without":[74],"exact":[75],"knowledge":[76],"about":[77],"number":[79],"agents,":[81],"their":[82],"individual":[83],"utilities":[84],"endowments.":[86],"Instead,":[87],"only":[90,120],"relies":[91],"on":[92,127],"queries":[93],"global":[96],"demand":[97,105],"oracle":[98],"by":[99],"posting":[100],"prices":[101,141],"receiving":[103],"aggregate":[104],"goods":[107],"feedback.":[109],"When":[110],"demands":[111,143],"are":[112],"real-valued":[113],"functions":[114],"prices,":[116],"oracles":[118],"return":[121],"values":[122],"bounded":[124],"precision":[125,137],"based":[126],"real":[128],"utility":[129],"functions.":[130],"Due":[131],"this":[133],"more":[134],"realistic":[135],"assumption,":[136],"representation":[139],"become":[144],"major":[146],"technical":[147],"challenge,":[148],"we":[150],"develop":[151],"new":[152],"tools":[153],"insights":[155],"that":[156],"may":[157],"independent":[160],"interest.":[161]},"counts_by_year":[{"year":2019,"cited_by_count":2},{"year":2017,"cited_by_count":1}],"updated_date":"2026-04-05T17:49:38.594831","created_date":"2025-10-10T00:00:00"}