loading...
Reserve price in progressive second price auctions
Alexandria, Egypt June 28-July 01
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/ISCC.2004.1358631Ninth IEEE Symposium on Computers and ...
 This Article 
 
PDF
HTML
 
 Share 
   
 Bibliographic References 
   
 Add to: 
 
Digg
Furl
Spurl
Blink
Simpy
Google
Del.icio.us
Y!MyWeb
 
 Search 
   
A. Delenda, France Telecom R&D, France
P. Maille, Dept. of Comput. Sci. & Technol., Tsinghua Univ., Beijing, China
B. Tuffin, Dept. of Comput. Sci. & Technol., Tsinghua Univ., Beijing, China
Pricing has become mandatory to overcome congestion and to offer service differentiation in communication networks. Whereas many pricing schemes have been designed in the literature, we focus here on the so-called progressive second price auction that allocates bandwidth on an auction-basis: users sequentially declare the amount of bandwidth they expect and how much they value it. At each time, the network allocates bandwidth to users with the highest willingness-to-pay and charge them with the bid of those excluded from the game by their presence. Convergence, efficiency and incentive compatibility have been verified in the literature for this scheme. Nevertheless one degree of freedom still remains in the model, namely the reserve price that is the minimal unit price at which the network accepts to sell the bandwidth. We propose here to determine the reserve price maximizing the network revenue. This analysis is based on the assumption that the demand functions and distribution of the (a priori random) number of users in the network are known.
Citation:
A. Delenda, P. Maille, B. Tuffin, "Reserve price in progressive second price auctions," iscc, vol. 2, pp.755-759, Ninth IEEE Symposium on Computers and Communications 2004 Volume 2 (ISCC"04), 2004
Usage of this product signifies your acceptance of the Terms of Use.