R. Wilson, "Efficient and competitive rationing," Econometrica, vol. 57, no. 1, pp. 1--40, January 1989.  Home/Search   Document Not in Database   Summary   Related Articles   Check

....related issues. The number of channels in PMP should be small, possibly just two, but more likely three or four. Having few channels minimizes losses from not aggregating all the traffic, and also fits consumer preferences (discussed in Section 5) for simple schemes. Furthermore, it is known (cf. [34]) that in many situations, most of the economic gains from subdivision into different classes of service can be gained with just a few classes. The basic version of PMP mentioned in the Introduction assigns to each channel a fixed fraction of the capacity of the entire network. One can also use ....

Wilson, R. Efficient and competitive rationing, Econometrica 57 (1989), pp. 1-40.

....set of users who are using a particular application type as a single entity for the purposes of the analysis. 2 the conclusions we reach are consistent with those of the priority pricing literature in economics, which discusses the supply of nonstorable goods like electrical power (see Reference [14]) Because of the multiple service classes and thus the quality versus cost tradeoffs faced by each user, our discussion is quite different from the standard literature on externalities and also quite different from the literature on telephony pricing. We delay a detailed discussion of related ....

....discards the packet at the tail of the queue. We consider two different pricing schemes. The first is a flat per byte price applied to all packets traversing a link, call it p flat . In the second pricing scheme, called priority pricing (based on a theoretical analysis of a similar problem in [14]) we charge different per byte prices for the two priority classes. Let us denote these two per byte prices by p high and p low ; clearly we should set p high p low so that the monetary incentives encourage the use of the low priority service class. In order to facilitate direct comparison ....

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Robert Wilson. Efficient and competitive rationing. Econometrica, 57(1):1--40, January 1989. 17

....interact directly with real time performance and monetary feedback channels. 9 Scott Shenker of Xerox PARC originally proposed this approach for use in datagram internets. Priority pricing has been implemented by utility companies and appears quite promising for network resources as well [17]. For example, in electrical power systems, at peak load the service provider may not be able to meet the peak demand from all users. The priority pricing implementation charges less to customers who are willing to have their service curtailed cut off when demand rises above capacity. Inflexible ....

R. Wilson, Efficient and Competitive Rationing, Econometrica, January 1989, volume 57, no. 1, p 1-40.

....related issues. The number of channels in PMP should be small, possibly just two, but more likely three or four. Having few channels minimizes losses from not aggregating all the traffic, and also fits consumer preferences (discussed in Section 5) for simple schemes. Furthermore, it is known (cf. [Wilson]) that in many situations, most of the economic gains from subdivision into different classes of service can be gained with just a few classes. The basic version of PMP mentioned in the Introduction assigns to each channel a fixed fraction of the capacity of the entire network. One can also use ....

R. Wilson, Efficient and competitive rationing, Econometrica 57 (1989), pp. 1-40.

....and finally both priority flags on. 3.2 Pricing Schemes We consider two different pricing schemes. The first is a flat per byte price applied to all packets traversing a link, call it pflat . We refer to the second pricing scheme as priority pricing, based on a theoretical discussion provided in [10]. In this approach, we modify the per byte prices based on the priority flags set in the packet. Let us denote these four per byte prices by p0;0 ; p1;0 ; p0;1 ; p1;1 , where the first bit in the subscript indicates whether or not the service priority flag is on, and the second bit indicates the ....

....do so. The priority pricing literature in economics has shown that in the context of a simple model of allocation of a nonstorable good with fluctuating supply and constant demand, there are certain priority pricing schemes that can make everyone better off, when compared to a flat pricing scheme [10]. Our purpose, in this paper, was to apply this insight to a more realistic network setting. User responses to incentives has also been treated in the game theory literature. While only simple queueing network models are considered (see [9] and references therein) the incentive issues addressed ....

Robert Wilson. Efficient and competitive rationing. Econometrica, 57(1):1--40, January 1989.

....with the users of applications which are performance sensitive. The problem we address is similar to and the conclusions we reach are consistent with those of the priority pricing literature in economics, which discusses the supply of nonstorable goods like electrical power (see Reference [26]) Our discussion is quite different from the standard literature on externalities (as represented by [8] and also quite different from the literature on telephony pricing (as represented by [14] We delay a detailed discussion of related work and other relevant issues until Section 5, and then ....

....discards the packet at the tail of the queue. We consider two different pricing schemes. The first is a flat per byte price applied to all packets traversing a link, call it p flat . In the second pricing scheme, called priority pricing (based on a theoretical analysis of a similar problem in [26]) we charge different per byte prices for the two priority classes. Let us denote these two per byte prices by p high and p low ; clearly we should set p high p low so that the monetary incentives encourage the use of the low priority service class. In order to facilitate direct comparison ....

[Article contains additional citation context not shown here]

Robert Wilson. Efficient and competitive rationing. Econometrica, 57(1):1--40, January 1989.

....the service interface and other network protocols will become even harder to change than they are now (and they are already quite difficult to change) It is extremely important that the networking community make the right technical decisions about the proper service interface now. 26 See [32] for a discussion of such priority pricing and [2, 3] for an application of these ideas to networks. For a more theoretical treatment of incentive issues and efficiency, see [27] Also, once artificial access restrictions are lifted, the Internet will no longer have a small, technically ....

Robert Wilson. Efficient and competitive rationing. Econometrica, 57(1), pp 1-40, 1989.

....issues. The number of subnetworks in PMP should be small, possibly just two, but more likely three or four. Having few networks minimizes losses from not aggregating all the traffic, and also fits consumer preferences (discussed in Section 5) for simple schemes. Furthermore, it is known (cf. [Wilson]) that in many situations, most of the economic gains from subdivision into different classes of service can be gained with just a few classes. In other, somewhat similar settings, a small number of classes of service has worked satisfactorily. Some railroads in the 19th century had up to four ....

R. Wilson, Efficient and competitive rationing, Econometrica 57 (1989), pp. 1-40.

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R. Wilson, "Efficient and competitive rationing," Econometrica, vol. 57, no. 1, pp. 1--40, January 1989.

No context found.

R. Wilson, "Efficient and Competitive Rationing", Econometrica, Vol 57, No 1, 1989, pp. 1-40.

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