Abstract
Market-based methods are an emerging paradigm for controlling large decentralized systems. We introduce in this paper a bidding mechanism for allocation of network resources among competing agents, and study it from a game-theoretic perspective. We prove the existence and the uniqueness of Nash equilibrium and present an update algorithm that allows users to converge to the Nash equilibrium in a decentralized manner using feedback of only the common information available to the resource. The necessary conditions for local stability of relaxed versions of the algorithm are derived and verified by simulations.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 4565-4570 |
| Number of pages | 6 |
| Journal | Proceedings of the IEEE Conference on Decision and Control |
| Volume | 5 |
| State | Published - 2001 |
| Event | 40th IEEE Conference on Decision and Control (CDC) - Orlando, FL, United States Duration: Dec 4 2001 → Dec 7 2001 |
ASJC Scopus subject areas
- Control and Systems Engineering
- Modeling and Simulation
- Control and Optimization