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How Long to Pareto Efficiency?

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  • Yakov Babichenko

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.

Suggested Citation

  • Yakov Babichenko, 2010. "How Long to Pareto Efficiency?," Discussion Paper Series dp562, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
  • Handle: RePEc:huj:dispap:dp562
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    File URL: http://ratio.huji.ac.il/sites/default/files/publications/dp562.pdf
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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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