Nash implementation for resource allocation network problems with production

We provide a mechanism that solves the engineering and economic rate allocation problems in the presence of production when agents behave in a way that produces a Nash Equilibrium. The mechanism works for a range of utility functions, wider than just quasi-linear functions. The mechanism produces a...

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Bibliographic Details
Main Authors: Stoenescu, T.M., Ledyard, J.O.
Format: Conference Proceeding
Language:English
Subjects:
Cost function
Economics
Games
Nash equilibrium
Optimization
Production
Resource management
Online Access:Request full text
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Summary:We provide a mechanism that solves the engineering and economic rate allocation problems in the presence of production when agents behave in a way that produces a Nash Equilibrium. The mechanism works for a range of utility functions, wider than just quasi-linear functions. The mechanism produces a Pareto-optimal allocation at Nash equilibrium. The mechanism is balanced in equilibrium and satisfies voluntary participation.
DOI:10.1109/ITA.2008.4601079