|Author||Cao, Xi-Ren ♦ Shen, Hong-Xia|
|Subject Domain (in DDC)||Computer science, information & general works ♦ Data processing & computer science|
|Subject Keyword||Leader-follower Game ♦ Cooperative Solution ♦ Central Issue ♦ Original Design ♦ Internet Pricing ♦ Twoperson Game Theory ♦ Internet Economics ♦ Optimal Solution ♦ Different Pricing Scheme ♦ Cooperative Game ♦ Social Welfare ♦ Paris Metro Pricing ♦ Numerical Example ♦ Leaderfollower Game|
|Description||in Proceedings of IEEE Conference on Decision and Control
The central issue of Internet economics is pricing. In , we studied the Internet pricing based on the leaderfollower game, the cooperative game, and the twoperson game theory. In this paper, we continue our study by comparing different pricing schemes with the above approaches. These schemes include Paris Metro Pricing (PMP) and pricing with priority. Weshowthat PMP does not provide better social welfare thus does not provide better cooperative solutions. Numerical examples indicate that the leader-follower game leads to an optimal solution with the same price for both "classes" of users in PMP. This contradicts to the intention of the original design of the scheme.
|Educational Role||Student ♦ Teacher|
|Age Range||above 22 year|
|Education Level||UG and PG ♦ Career/Technical Study|
|Learning Resource Type||Article|
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