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How Long to Pareto Efficiency?

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  • Yakov Babichenko
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    Abstract

    We consider uncoupled dynamics (i.e., dynamics where each player knows only his own payoff function) that reach Pareto efficient and individually rational outcomes. We prove that the number of periods it takes is in the worst case exponential in the number of players.

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    File URL: http://ratio.huji.ac.il/sites/default/files/publications/dp562.pdf
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    Bibliographic Info

    Paper provided by The Center for the Study of Rationality, Hebrew University, Jerusalem in its series Discussion Paper Series with number dp562.

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    Length: 12 pages
    Date of creation: Oct 2010
    Date of revision:
    Handle: RePEc:huj:dispap:dp562

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    Cited by:
    1. Pradelski, Bary S.R. & Young, H. Peyton, 2012. "Learning efficient Nash equilibria in distributed systems," Games and Economic Behavior, Elsevier, vol. 75(2), pages 882-897.

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