Title :
Local requirements for optimal distribution of heterogeneous agents
Author :
Nogales, Juan M. ; Finke, Jorge
Abstract :
This paper introduces an analytical framework for the study of a generic distribution problem where a group of heterogeneous agents intend to divide themselves into various subgroups without any form of global information-sharing or centralized decision-making. Subgroups are associated to mathematical functions that capture the marginal utilities of performing tasks, each satisfying the law of diminishing returns. We prove that under generic local requirements a stable agent distribution representing a Nash equilibrium can be achieved, and show via Monte Carlo simulations how the proposed set of rules performs under varying constraints on information flow and degrees of cooperation.
Keywords :
Monte Carlo methods; functions; game theory; system theory; Monte Carlo simulations; Nash equilibrium; cooperation degree; diminishing returns law; generic distribution problem; generic local requirements; information flow; marginal utilities; mathematical functions; optimal heterogeneous agent distribution; stable agent distribution; subgroups; Companies; Indexes; Measurement; Monte Carlo methods; Nash equilibrium; Vectors;
Conference_Titel :
Decision and Control and European Control Conference (CDC-ECC), 2011 50th IEEE Conference on
Conference_Location :
Orlando, FL
Print_ISBN :
978-1-61284-800-6
Electronic_ISBN :
0743-1546
DOI :
10.1109/CDC.2011.6161376