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» A Cost Mechanism for Fair Pricing of Resource Usage
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WINE
2005
Springer
146views Economy» more  WINE 2005»
13 years 10 months ago
A Cost Mechanism for Fair Pricing of Resource Usage
We propose a simple and intuitive cost mechanism which assigns costs for the competitive usage of m resources by n selfish agents. Each agent has an individual demand; demands are...
Marios Mavronicolas, Panagiota N. Panagopoulou, Pa...
LATIN
2010
Springer
13 years 10 months ago
The Power of Fair Pricing Mechanisms
We explore the revenue capabilities of truthful, monotone (“fair”) allocation and pricing functions for resource-constrained auction mechanisms within a general framework that ...
Christine Chung, Katrina Ligett, Kirk Pruhs, Aaron...
CISSE
2007
Springer
13 years 11 months ago
Resource Allocation in Market-based Grids Using a History-based Pricing Mechanism
In an ad-hoc Grid environment where producers and consumers compete for providing and employing resources, trade handling in a fair and stable way is a challenging task. Dynamic ch...
Behnaz Pourebrahimi, S. Arash Ostadzadeh, Koen Ber...
STOC
2006
ACM
180views Algorithms» more  STOC 2006»
14 years 5 months ago
Pricing for fairness: distributed resource allocation for multiple objectives
In this paper, we present a simple distributed algorithm for resource allocation which simultaneously approximates the optimum value for a large class of objective functions. In p...
Sung-woo Cho, Ashish Goel
JSAC
2006
117views more  JSAC 2006»
13 years 4 months ago
A scalable network resource allocation mechanism with bounded efficiency loss
The design of pricing mechanisms for network resource allocation has two important objectives: 1) a simple and scalable end-to-end implementation and 2) efficiency of the resulting...
Ramesh Johari, John N. Tsitsiklis