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The Progressive Second Price Mechanism in a Stochastic Environment

Patrick Maillé 1 Bruno Tuffin 1
1 ARMOR - Architectures and network models
IRISA - Institut de Recherche en Informatique et Systèmes Aléatoires, INRIA Rennes, Ecole Nationale Supérieure des Télécommunications de Bretagne
Abstract : We consider in this paper an auction-based pricing scheme recently introduced by Lazar and Semret to allocate bandwidth among users. This mechanism, called Progressive Second Price, was studied using tools from non-cooperative game theory, for a fixed set of players (i.e., users). We compare here the results obtained in that case with the more realistic situation when players randomly enter or leave the game. We assume that they enter according to a Poisson process, and leave it after an exponentially distributed sojourn time. We show that this stochastic assumption cannot be skipped since it can lead to very different results.
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https://hal.inria.fr/inria-00071828
Contributor : Rapport de Recherche Inria <>
Submitted on : Tuesday, May 23, 2006 - 6:55:05 PM
Last modification on : Thursday, February 11, 2021 - 2:48:03 PM
Long-term archiving on: : Sunday, April 4, 2010 - 10:40:09 PM

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  • HAL Id : inria-00071828, version 1

Citation

Patrick Maillé, Bruno Tuffin. The Progressive Second Price Mechanism in a Stochastic Environment. [Research Report] RR-4758, INRIA. 2003. ⟨inria-00071828⟩

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