Pricing Rules Comparison in the Context of Bandwidth Trade

In this paper we compare two pricing rules in the context of bandwidth trade. Allocation and pricing rules, together with a set of signals received from independent agents, constitute a market mechanism. In the paper we analyze two pricing rules: well known Vickrey-Clarke-Groves rule (VCG) and the p...

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Bibliographic Details
Published in:Journal of Telecommunications and Information Technology 2023-06 (2), p.61-66
Main Authors: Pałka, Piotr, Toczyłowski, Eugeniusz
Format: Article
Language:English
Subjects:
communication bandwidth trade
mechanism design
pricing rule
Online Access:Get full text
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Summary:In this paper we compare two pricing rules in the context of bandwidth trade. Allocation and pricing rules, together with a set of signals received from independent agents, constitute a market mechanism. In the paper we analyze two pricing rules: well known Vickrey-Clarke-Groves rule (VCG) and the parametric pricing rule (PPR).We apply these pricing rules to the allocation rule specified by the balancing communication bandwidth trade model (BCBT).
ISSN:1509-4553
1899-8852
DOI:10.26636/jtit.2010.2.1073