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Pricing Rules Comparison in the Context of Bandwidth Trade

Treść / Zawartość
Identyfikatory
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
In this paper we compare two pricing rules in the context of bandwidth trade. Allocation and pricing rules, together with a set of signals received from independent agents, constitute a market mechanism. In the paper we analyze two pricing rules: well known Vickrey-Clarke-Groves rule (VCG) and the parametric pricing rule (PPR).We apply these pricing rules to the allocation rule specified by the balancing communication bandwidth trade model (BCBT).
Rocznik
Tom
Strony
61--66
Opis fizyczny
Bibliogr. 17 poz., tab., rys.
Twórcy
autor
  • Institute of Control and Computation Engineering, Warsaw University of Technology, Nowowiejska st 15/19, 00-665 Warsaw, Poland, P.Palka@ia.pw.edu.pl
Bibliografia
  • [1] L. Hurwicz and S. Reiter, Designing Economic Mechanisms. New York: Cambridge University Press, 2006.
  • [2] V. Krishna, Auction Theory. San Diego: Academic Press, 2002.
  • [3] L. Hurwicz, “On informationally decentralized systems”, in Decision and Organisation: A Volume in Honour of Jacob Marchak. 1972, pp. 297–336.
  • [4] B. Holmstr ¨om, “Moral hazard in teams”, Bell J. Econom., vol. 13, no. 2, pp. 324–340, 1982.
  • [5] R. Myerson and M. Satterthwaite, “Efficient mechanisms for bilateral trading”, J. Econom. Theory, vol. 28, pp. 265–281, 1983.
  • [6] M. Dramitinos, G. D. Stamoulis, and C. Courcoubetis, “An auction mechanism for allocating the bandwidth of networks to their users”, Comput. Netw., vol. 51, no. 18, pp. 4979–4996, 2007.
  • [7] A. Lazar and N. Semret, “Design and analysis of the progressive second price auction for network bandwidth sharing”, Tech. Rep., Columbia University Center for Telecommunications Research, 1999.
  • [8] R. Jain and P. Varaiya, “An efficient incentive-compatible combinatorial market mechanism”, in Proc. Allerton Conf., Chicago, USA, 2004.
  • [9] R. Jain and J. Walrand, “An efficient mechanism for network bandwidth auction”, in Proc. Netw. Oper. Manage. Symp. NOMS 2008 Worksh., Salvador da Bahia, Brazil, 2008, pp. 227–234.
  • [10] W. Stańczuk, J. Lubacz, and E. Toczyłowski, “Trading links and paths on a communication bandwidth market”, J. Univers. Comput. Sci., vol. 14, no. 5, pp. 642–653, 2008.
  • [11] L. Ausubel, A Generalized Vickrey Auction. 2000.
  • [12] W. Vickrey, “Counterspeculation, auctions, and competitive sealed tenders”, J. Finan., vol. 16, no. 1, pp. 8–37, 1961.
  • [13] E. H. Clark, “Multi-part pricing of public goods”, Publ. Choi., vol. 11, no. 1, pp. 17–33, 1971.
  • [14] T. Groves, “Incentives in teams”, Econometrica, vol. 41, no. 4, pp. 617–631, 1973.
  • [15] P. Pałka and E. Toczyłowski, “Mechanizmy wyceny dobr za pomocą uogolnionej metody Yoona i metody analizy parametrycznej”, Automatyka, vol. 13, no. 2, pp. 539–550, 2009 (in Polish).
  • [16] K. Yoon, “The modified Vickrey double auction”, J. Econom. Theory, vol. 101, no. 2, pp. 572–584, 2001.
  • [17] SNDlib: Survivable fixed telecommunication network design” [On-line]. Available: http://sndlib.zib.de/
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-article-BAT8-0019-0016
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