commodities-auction.auction
Generalized English auction for differentiated commodity markets.
run
(run supply demand entry)(run supply demand entry option)
Finds equilibrium prices for differentiated commodity markets.
The algorithm will run the generalized English auction (Gul &
Stacchetti 2000) to balance interaction between different markets,
which concurrently utilizing resources from the same finite pool
of international supply.
Gul, F., & Stacchetti, E. (2000). The English Auction with Differentiated
Commodities. Journal of Economic Theory, 92(1): 66-95.
https://doi.org/10.1006/jeth.1999.2580