NDLI: Exchange of Services in Networks: Competition, Cooperation, and Fairness

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Exchange of Services in Networks: Competition, Cooperation, and Fairness

Content Provider	ACM Digital Library
Author	Iosifidis, George Georgiadis, Leonidas Tassiulas, Leandros
Abstract	Exchange of services and resources in, or over, networks is attracting nowadays renewed interest. However, despite the broad applicability and the extensive study of such models, e.g., in the context of P2P networks, many fundamental questions regarding their properties and efficiency remain unanswered. We consider such a service exchange model and analyze the users' interactions under three different approaches. First, we study a centrally designed service allocation policy that yields the fair total service each user should receive based on the service it offers to the others. Accordingly, we consider a competitive market where each user determines selfishly its allocation policy so as to maximize the service it receives in return, and a coalitional game model where users are allowed to coordinate their policies. We prove that there is a unique equilibrium exchange allocation for both game theoretic formulations, which also coincides with the central fair service allocation. Furthermore, we characterize its properties in terms of the coalitions that emerge and the equilibrium allocations, and analyze its dependency on the underlying network graph. That servicing policy is the natural reference point to the various mechanisms that are currently proposed to incentivize user participation and improve the efficiency of such networked service (or, resource) exchange markets.
Starting Page	43
Ending Page	56
Page Count	14
File Format	PDF
ISBN	9781450334860
DOI	10.1145/2745844.2745860
Language	English
Publisher	Association for Computing Machinery (ACM)
Publisher Date	2015-06-15
Publisher Place	New York
Access Restriction	Subscribed
Subject Keyword	Network economics Competitive equilibriums
Content Type	Text
Resource Type	Article

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