DocumentCode :
558625
Title :
Congestion pricing using a raffle-based scheme
Author :
Loiseau, Patrick ; Schwartz, Galina ; Musacchio, John ; Amin, Saurabh ; Sastry, S. Shankar
Author_Institution :
TIM, UC Santa Cruz, Santa Cruz, CA, USA
fYear :
2011
fDate :
12-14 Oct. 2011
Firstpage :
1
Lastpage :
8
Abstract :
We propose a raffle-based scheme for the decongestion of a shared resource. Our scheme builds on ideas from the economic literature on incentivizing contributions to a public good. We formulate a game-theoretic model for the decongestion problem in a setup with a finite number of users, as well as in a setup with an infinite number of non-atomic users. We analyze both setups, and show that the former converges toward the latter when the number of users becomes large. We compare our results to existing results for the public good provision problem. Overall, our results establish that raffle-based schemes are useful in addressing congestion problems.
Keywords :
game theory; pricing; resource allocation; congestion pricing; game-theoretic model; nonatomic users; public goods provision problem; raffle-based scheme; shared resource decongestion; Aggregates; Economics; Games; Incentive schemes; Nash equilibrium; Pricing; Resource management; congestion pricing; demand management; probabilistic pricing; public good; raffle-based incentive schemes;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Network Games, Control and Optimization (NetGCooP), 2011 5th International Conference on
Conference_Location :
Paris
Print_ISBN :
978-1-4673-0383-5
Type :
conf
Filename :
6103873
Link To Document :
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