A scalable network resource allocation mechanism with bounded efficiency loss

@article{Johari2006ASN,
  title={A scalable network resource allocation mechanism with bounded efficiency loss},
  author={Ramesh Johari and John N. Tsitsiklis},
  journal={IEEE Journal on Selected Areas in Communications},
  year={2006},
  volume={24},
  pages={992-999}
}
The design of pricing mechanisms for network resource allocation has two important objectives: 1) a simple and scalable end-to-end implementation and 2) efficiency of the resulting equilibria. Both objectives are met by certain recently proposed mechanisms when users are price taking, but not when users can anticipate the effects of their actions on the… CONTINUE READING

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