Identyfikatory
Warianty tytułu
Języki publikacji
Abstrakty
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).
Słowa kluczowe
Rocznik
Tom
Strony
61--66
Opis fizyczny
Bibliogr. 17 poz., tab., rys.
Twórcy
autor
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