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The Potluck Problem

Author

Listed:
  • Enumula, Prabodh Kumar
  • Rao, Shrisha

Abstract

This paper proposes the Potluck Problem as a model for the behavior of independent producers and consumers under standard economic assumptions, as a problem of resource allocation in a multi-agent system in which there is no explicit communication among the agents.

Suggested Citation

  • Enumula, Prabodh Kumar & Rao, Shrisha, 2010. "The Potluck Problem," Economics Letters, Elsevier, vol. 107(1), pages 10-12, April.
    • Handle: RePEc:eee:ecolet:v:107:y:2010:i:1:p:10-12
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    References listed on IDEAS

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    1. Arthur, W Brian, 1994. "Inductive Reasoning and Bounded Rationality," American Economic Review, American Economic Association, vol. 84(2), pages 406-411, May.
    2. Spees, Kathleen & Lave, Lester B., 2007. "Demand Response and Electricity Market Efficiency," The Electricity Journal, Elsevier, vol. 20(3), pages 69-85, April.
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