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ESA
2009
Springer

Exact and Approximate Equilibria for Optimal Group Network Formation

9 years 4 months ago
Exact and Approximate Equilibria for Optimal Group Network Formation
We consider a process called Group Network Formation Game, which represents the scenario when strategic agents are building a network together. In our game, agents can have extremely varied connectivity requirements, and attempt to satisfy those requirements by purchasing links in the network. We show a variety of results about equilibrium properties in such games, including the fact that the price of stability is 1 when all nodes in the network are owned by players, and that doubling the number of players creates an equilibrium as good as the optimum centralized solution. For the general case, we show the existence of a 2-approximate Nash equilibrium that is as good as the centralized optimum solution, as well as how to compute good approximate equilibria in polynomial time. Our results essentially imply that for a variety of connectivity requirements, giving agents more freedom can paradoxically result in more efficient outcomes.
Elliot Anshelevich, Bugra Caskurlu
Added 26 May 2010
Updated 26 May 2010
Type Conference
Year 2009
Where ESA
Authors Elliot Anshelevich, Bugra Caskurlu
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