Abstract
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 auction. 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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Maillé, P., Tuffin, B. (2004). Multi-bid Versus Progressive Second Price Auctions in a Stochastic Environment. In: Solé-Pareta, J., et al. Quality of Service in the Emerging Networking Panorama. WQoSR QofIS ICQT 2004 2004 2004. Lecture Notes in Computer Science, vol 3266. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-30193-6_32
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DOI: https://doi.org/10.1007/978-3-540-30193-6_32
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-23238-4
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