A Game Theoretic Analysis of Agent-Mediated Resource Allocation

Maheswaran, Rajiv Tharmeswaran

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https://hdl.handle.net/2142/99586 Copy

Description

Title

A Game Theoretic Analysis of Agent-Mediated Resource Allocation

Author(s)

Maheswaran, Rajiv Tharmeswaran

Issue Date

2003-06

Keyword(s)

• Control of networks
• Decentralized control
• Game theory
• Market-based control
• Mechanism design
• Multiagent systems
• Resource allocation

Abstract

Developments in information technology have necessitated dynamic distributed real-time allocation of computational and network resources. We consider the use of market mechanisms to regulate a set of autonomous agents that are responsible for obtaining services. By applying game-theoretic analysis to a proportionally fair divisible auction, we show the existence of a unique Nash equilibrium in both single and multiple resource settings. Locally stable decentralized negotiation algorithms are developed for both cases. We also investigate the effects of coalition formation and show that the standard assumptions from classical cooperative game theory for determining the value of a team do not apply. Finally, we examine a larger space of mechanisms and optimize with respect to revenue generation and social welfare. This leads to the design of transparent and maximally efficient resource allocation schemes which have the minimum costs for signaling and computation.

Publisher

Coordinated Science Laboratory, University of Illinois at Urbana-Champaign

Series/Report Name or Number

Coordinated Science Laboratory Report no. UILU-ENG-03-2213, DC-209

Type of Resource

text

Language

en

Permalink

http://hdl.handle.net/2142/99586

Sponsor(s)/Grant Number(s)

• National Science Foundation / NSF CCR 00-85917 ITR
• Air Force Office of Scientific Research / AF DC 5-36128

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