DocumentCode
558625
Title
Congestion pricing using a raffle-based scheme
Author
Loiseau, Patrick ; Schwartz, Galina ; Musacchio, John ; Amin, Saurabh ; Sastry, S. Shankar
Author_Institution
TIM, UC Santa Cruz, Santa Cruz, CA, USA
fYear
2011
fDate
12-14 Oct. 2011
Firstpage
1
Lastpage
8
Abstract
We propose a raffle-based scheme for the decongestion of a shared resource. Our scheme builds on ideas from the economic literature on incentivizing contributions to a public good. We formulate a game-theoretic model for the decongestion problem in a setup with a finite number of users, as well as in a setup with an infinite number of non-atomic users. We analyze both setups, and show that the former converges toward the latter when the number of users becomes large. We compare our results to existing results for the public good provision problem. Overall, our results establish that raffle-based schemes are useful in addressing congestion problems.
Keywords
game theory; pricing; resource allocation; congestion pricing; game-theoretic model; nonatomic users; public goods provision problem; raffle-based scheme; shared resource decongestion; Aggregates; Economics; Games; Incentive schemes; Nash equilibrium; Pricing; Resource management; congestion pricing; demand management; probabilistic pricing; public good; raffle-based incentive schemes;
fLanguage
English
Publisher
ieee
Conference_Titel
Network Games, Control and Optimization (NetGCooP), 2011 5th International Conference on
Conference_Location
Paris
Print_ISBN
978-1-4673-0383-5
Type
conf
Filename
6103873
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