The price of anarchy of serial, average and incremental cost sharing (Q934898)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The price of anarchy of serial, average and incremental cost sharing |
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The price of anarchy of serial, average and incremental cost sharing (English)
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30 July 2008
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The concept of price of anarchy used in the demand games means the minimum ratio of the equilibrium to efficient surplus, minimized over all convex preferences being quasi-linear in money. The aim of the paper is to compute the price of anarchy for the three types of cost sharing games mentioned in the heading. It is done for piecewise linear cost functions, and for the quadratic ones.
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Price of anarchy
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Cost sharing
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Average cost
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Social cost
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Incremental cost
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Surplus
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Demand game
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