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Algorithms and Economics of Networks: Coordination Mechanisms

Algorithms and Economics of Networks: Coordination Mechanisms. Abraham Flaxman and Vahab Mirrokni, Microsoft Research. Price on Anarchy [KP, RT]. Selfish users User goal: minimize its cost Nash Equilibrium (NE) System goal (e.g. Social welfare) The worst ratio of NE cost to OPT cost.

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Local policy depends - PowerPoint PPT Presentation

Algorithms and Economics of Networks: Coordination Mechanisms