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Since the performance of a system of interacting peers depends strongly on their individual contributions, the ratio between their provided and consumed resources should be set in line with the social welfare improvement, without relying on a central coord ...
Auctions are widely used on the Web. Applications range from internet advertising to platforms such as eBay. In most of these applications the auctions in use are single/multi-item auctions with unit demand. The main drawback of standard mechanisms for thi ...
We study the problem of matching bidders to items where each bidder i has general, strictly monotonic utility functions u(i,j)(p(j)) expressing his utility of being matched to item j at price p(j). For this setting we prove that a bidder optimal outcome al ...
We present an effective method to optimize over the parameters of an image patch descriptor to obtain one that is computationally more efficient while maintaining a high recognition rate. We formulate the optimization problem in a multi-objective manner, w ...
Snowmaking is now used by ski resorts worldwide as a measure to cope with both natural snow reduction and variability. This extensive recourse casts doubt on its sustainability mainly because of the large amount of natural resources being used (energy, wat ...
A predictive mechanism is proposed in order to reduce price volatility linked to large fluctuations from de- mand and renewable energy generation in competitive electricity markets. The market participants are modelled as price-elastic units, price-inelast ...
We show that the Hicksian welfare measures of compensating variation and equivalent variation coincide if one of them is evaluated at a compensated income. The measures are nondecreasing in income if the varied attribute and income are complementary, and i ...
This paper presents a game-theoretic model of a liberalized railway industry in which train operation and ownership of infrastructure is fully vertically separated. The objective of this paper is to analyze how the regulatory agency will socially optimal s ...
Collaborative ad-hoc dissemination of information has been proposed as an efficient means to disseminate information among devices in a wireless ad-hoc network. Devices help in forwarding the information channels to the entire network, by disseminating the ...
We consider the general problem of finding fair constrained resource allocations. As a criterion for fairness we propose an inequality index, termed “fairness ratio,” the maximization of which produces Lorenz-undominated, Pareto-optimal allocations. The fa ...