Multi-bid versus pregressive second price auctions in a stochastic environment - Archive ouverte HAL
Communication Dans Un Congrès Année : 2004

Multi-bid versus pregressive second price auctions in a stochastic environment

Résumé

Pricing is considered a relevant way to control congestion and differentiate services in communication networks. Among all pricing schemes, auctioning for bandwidth has received a lot of attention. We aim in this paper at comparing a recently designed auction scheme called multi-bid auction with the often referenced progressive second price auc- tion. We especially focus on the case of a stochastic environment, with players/users entering and leaving the game. We illustrate the gain that can be obtained with multi-bids, in terms of complexity, revenue and social welfare in both transient and steady-state regime.
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Dates et versions

hal-02172750 , version 1 (04-07-2019)

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  • HAL Id : hal-02172750 , version 1

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Patrick Maillé, Bruno Tuffin. Multi-bid versus pregressive second price auctions in a stochastic environment. 4th international workshop on internet charging and QoS technology (ICQT), Sep 2004, Barcelone, Spain. ⟨hal-02172750⟩
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