Loading...
Please wait, while we are loading the content...
Similar Documents
Congestion and Cost Allocation for Distributed Networks: An Experimental Study ∗
| Content Provider | Semantic Scholar |
|---|---|
| Author | Chen, Yan Razzolini, Laura |
| Copyright Year | 2003 |
| Abstract | This paper reports an experimental study of two prominent congestion and cost allocation mechanisms for distributed networks. We study the serial (or fair queueing) and the average cost pricing (or FIFO) mechanisms under two different treatments: a complete information treatment and a limited information treatment designed to simulate distributed networks. Experimental results show that the serial mechanism performs significantly better than the average cost pricing mechanism in all treatments in terms of efficiency, predictability measured as frequency of equilibrium play, and the speed of convergence. Monte Carlo simulations of a calibrated learning model show that the results are robust to changes in the environment with concave or linear utility functions. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://as.vanderbilt.edu/econ//sempapers/Razzolini.pdf |
| Alternate Webpage(s) | http://yanchen.people.si.umich.edu/papers/chen_razzolini_srl_old.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
