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Non-refundable-bid auctions for positions in a queue: a decision-theoretic analysis | IEEE Conference Publication | IEEE Xplore

Non-refundable-bid auctions for positions in a queue: a decision-theoretic analysis


Abstract:

In our previous work, we investigated resource allocations among agents by means of legal/illegal behavior in the context of an M/D/I queuing model. Specifically, self-in...Show More

Abstract:

In our previous work, we investigated resource allocations among agents by means of legal/illegal behavior in the context of an M/D/I queuing model. Specifically, self-interested agents are deployed in a non-cooperative game: compete with each other to bid/bribe for quicker service provided by the server. In this paper, we extend our previous work and provide formal notions of more general queuing models, but restrict our discussion in a legal bid queue only. An analysis of their properties from decision theoretic perspective is discussed. We conduct an experiment to observe the advantage of various strategies.
Date of Conference: 13-17 October 2003
Date Added to IEEE Xplore: 27 October 2003
Print ISBN:0-7695-1931-8
Conference Location: Halifax, NS, Canada

References

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