In this paper, we propose a dynamic pricing strategy which is used for a market-based resource allocation mechanism in a local Grid. We implement an agent based Grid economy in whi...
Abstract—With the growing deployment of wireless communication technologies, radio spectrum is becoming a scarce resource. Thus mechanisms to efficiently allocate the available ...
Abstract. Computational mechanism design (CMD) seeks to understand how to design game forms that induce desirable outcomes in multiagent systems despite private information, self-i...
This paper develops a new combinatorial auction protocol called the Groves Mechanism with SubModular Approximation (GM-SMA). This protocol satisfies the following characteristics:...
We consider the following allocation problem arising in the setting of combinatorial auctions: a set of goods is to be allocated to a set of players so as to maximize the sum of t...
Subhash Khot, Richard J. Lipton, Evangelos Markaki...