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Differentially Private Mechanism for the Equiribrium Price under Quadratic Cost Functions and Quadratic Utility Functions
2019
Transactions of the Institute of Systems Control and Information Engineers
An algorithm which protects consumers' privacy is considered for a tatonnement model which determines the equilibrium price such that demand and supply coincide. In this model, consumers bid their demands and a firm bids her supply for the price given by an auctioneer, which is iterated until the total demands and the supply are balanced. Instead of bidding the demands exactly, noise is added to these values, which introduces differential privacy into the iterative algorithm. A definition of
doi:10.5687/iscie.32.389
fatcat:vitnapporjgeloveh63fyobvnq