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Recent studies of agent incentives in internet resource allocation and pricing

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  • Yukun Cheng

    (Suzhou Key Laboratory for Big Data and Information Service, Suzhou University of Science and Technology)

  • Xiaotie Deng

    (Peking University)

  • Dominik Scheder

    (Shanghai Jiaotong University)

Abstract

Market makers choose and design market rules to serve certain objectives, such as to maximize revenue from the sales in the case of a single seller and multiple buyers. Given such rules, market participants play against each other to maximize their utility function values on goods acquired, possibly by hiding or misrepresenting their information needed in the implementation of market rules. Today’s Internet economy has changed the information collection process and may make some of the assumptions of market rule implementation obsolete. Here we make a fresh review of works on this challenge on the Internet where new economic systems operate.

Suggested Citation

  • Yukun Cheng & Xiaotie Deng & Dominik Scheder, 2018. "Recent studies of agent incentives in internet resource allocation and pricing," 4OR, Springer, vol. 16(3), pages 231-260, September.
    • Handle: RePEc:spr:aqjoor:v:16:y:2018:i:3:d:10.1007_s10288-018-0385-3
    DOI: 10.1007/s10288-018-0385-3
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    Cited by:

    1. Yves Crama & Michel Grabisch & Silvano Martello, 2022. "Preface," Annals of Operations Research, Springer, vol. 314(1), pages 1-3, July.
    2. Pan Li & Qiang Hua & Zhijun Hu & Hing-Fung Ting & Yong Zhang, 2020. "Approximation algorithms for the selling with preference," Journal of Combinatorial Optimization, Springer, vol. 40(2), pages 366-378, August.
    3. Yukun Cheng & Xiaotie Deng & Dominik Scheder, 2022. "Recent studies of agent incentives in internet resource allocation and pricing," Annals of Operations Research, Springer, vol. 314(1), pages 49-76, July.
    4. Yves Crama & Michel Grabisch & Silvano Martello, 2021. "4OR comes of age," 4OR, Springer, vol. 19(1), pages 1-13, March.
    5. Pan Li & Qiang Hua & Zhijun Hu & Hing-Fung Ting & Yong Zhang, 0. "Approximation algorithms for the selling with preference," Journal of Combinatorial Optimization, Springer, vol. 0, pages 1-13.

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