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Walrasian Equilibria in Markets with Small Demands
Argyrios Deligkas, Themistoklis Melissourgos, Paul G. Spirakis · 2020-05-25 · via cs.DC updates on arXiv.org

We study the complexity of finding a Walrasian equilibrium in markets where the agents have $k$-demand valuations. These valuations are an extension of unit-demand valuations where a bundle's value is the maximum of its $k$-subsets' values. For unit-demand agents, where the existence of a Walrasian equilibrium is guaranteed, we show that the problem is in quasi-NC. For $k=2$, we show that it is NP-hard to decide if a Walrasian equilibrium exists even if the valuations are fractionally subadditive (XOS), while for $k=3$ the hardness carries over to budget-additive valuations. In addition, we give a polynomial-time algorithm for markets with 2-demand single-minded valuations, or unit-demand valuations.

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