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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»
15 years 3 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
15 years 2 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
15 years 3 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»
15 years 10 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»
14 years 9 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