Optimizing Proportionally Fair Prices

Optimizing Proportionally Fair Prices

We demonstrate the non-uniqueness of proportional fairness prices, and show that the model of Kelly et al. [9] falls into the category of models that can be generalized to allow optimization of the link prices, with a view toward profit maximization. However, through this framework, we also show tha...

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Veröffentlicht in:Telecommunication systems 2004-09, Vol.27 (1), p.67-83
1. Verfasser: Wynter, Laura
Format: Artikel
Sprache:eng
Schlagworte:
Control algorithms
Internet
Optimization
Pricing policies
Shadow prices
Studies
Telecommunications systems
Utility functions
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Zusammenfassung:We demonstrate the non-uniqueness of proportional fairness prices, and show that the model of Kelly et al. [9] falls into the category of models that can be generalized to allow optimization of the link prices, with a view toward profit maximization. However, through this framework, we also show that the total revenue that can be obtained through proportional fairness pricing on a network is unique. [PUBLICATION ABSTRACT]
ISSN:1018-4864
1572-9451
DOI:10.1023/B:TELS.0000032944.40946.a6