Cart (Loading....) | Create Account
Close category search window
 

Dynamic Auctions for On-Demand Services

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

3 Author(s)
Campos-Naez, E. ; George Washington Univ., Washington ; Fabra, N. ; Garcia, A.

In this paper, we consider a market in which a finite number of firms compete in prices for the incoming demand for service. Upon every customer arrival, an independent auctioneer gathers bids from each one of the competing queuing systems and assigns the incoming customer to the system that submitted the lowest bid. We provide a simple characterization of Markov Perfect equilibrium in terms of ldquoindifference prices,rdquo i.e., price levels at which players are indifferent between committing available capacity or withholding it. We identify sufficient conditions for socially efficient performance in equilibrium.

Published in:

Systems, Man and Cybernetics, Part A: Systems and Humans, IEEE Transactions on  (Volume:37 ,  Issue: 6 )

Date of Publication:

Nov. 2007

Need Help?


IEEE Advancing Technology for Humanity About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies

A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2014 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.