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The Price of Anarchy in Bertrand Games
"... The Internet is composed of multiple economicallyindependent service providers that sell bandwidth in their networks so as to maximize their own revenue. Users, on the other hand, route their traffic selfishly to maximize their own utility. How does this selfishness impact the efficiency of operati ..."
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Cited by 7 (3 self)
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of operation of the network? To answer this question we consider a twostage network pricing game where service providers first select prices to charge on their links, and users then pick paths to route their traffic. We give tight bounds on the price of anarchy of the game with respect to social value
ERC  A Theory of Equity, Reciprocity and Competition
 FORTHCOMING AMERICAN ECONOMIC REVIEW
, 1999
"... We demonstrate that a simple model, constructed on the premise that people are motivated by both their pecuniary payoff and their relative payoff standing, explains behavior in a wide variety of laboratory games. Included are games where equity is thought to be a factor, such as ultimatum, twoperio ..."
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Cited by 699 (21 self)
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period alternating offer, and dictator games; games where reciprocity is thought to play a role, such as the prisoner’s dilemma and the gift exchange game; and games where competitive behavior is observed, such as Bertrand and Cournot markets, and the guessing game.
Selfish Routing and the Price of Anarchy
 MATHEMATICAL PROGRAMMING SOCIETY NEWSLETTER
, 2007
"... Selfish routing is a classical mathematical model of how selfinterested users might route traffic through a congested network. The outcome of selfish routing is generally inefficient, in that it fails to optimize natural objective functions. The price of anarchy is a quantitative measure of this in ..."
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Cited by 252 (11 self)
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Selfish routing is a classical mathematical model of how selfinterested users might route traffic through a congested network. The outcome of selfish routing is generally inefficient, in that it fails to optimize natural objective functions. The price of anarchy is a quantitative measure
How bad is selfish routing?
 JOURNAL OF THE ACM
, 2002
"... We consider the problem of routing traffic to optimize the performance of a congested network. We are given a network, a rate of traffic between each pair of nodes, and a latency function for each edge specifying the time needed to traverse the edge given its congestion; the objective is to route t ..."
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Cited by 678 (27 self)
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We consider the problem of routing traffic to optimize the performance of a congested network. We are given a network, a rate of traffic between each pair of nodes, and a latency function for each edge specifying the time needed to traverse the edge given its congestion; the objective is to route traffic such that the sum of all travel times—the total latency—is minimized. In many settings, it may be expensive or impossible to regulate network traffic so as to implement an optimal assignment of routes. In the absence of regulation by some central authority, we assume that each network user routes its traffic on the minimumlatency path available to it, given the network congestion caused by the other users. In general such a “selfishly motivated ” assignment of traffic to paths will not minimize the total latency; hence, this lack of regulation carries the cost of decreased network performance. In this article, we quantify the degradation in network performance due to unregulated traffic. We prove that if the latency of each edge is a linear function of its congestion, then the total latency of the routes chosen by selfish network users is at most 4/3 times the minimum possible total latency (subject to the condition that all traffic must be routed). We also consider the more general setting in which edge latency functions are assumed only to be continuous and nondecreasing in the edge congestion. Here, the total
The Price of Anarchy of Finite Congestion Games
 In Proceedings of the 37th Annual ACM Symposium on Theory of Computing (STOC
, 2005
"... Abstract We consider the price of anarchy of pure Nash equilibria in congestion games with linearlatency functions. For asymmetric games, the price of anarchy of maximum social cost is \Theta (p N),where N is the number of players. For all other cases of symmetric or asymmetric games andfor both max ..."
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Cited by 165 (6 self)
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Abstract We consider the price of anarchy of pure Nash equilibria in congestion games with linearlatency functions. For asymmetric games, the price of anarchy of maximum social cost is \Theta (p N),where N is the number of players. For all other cases of symmetric or asymmetric games andfor both
The price of anarchy is independent of the network topology
 JOURNAL OF COMPUTER AND SYSTEM SCIENCES
, 2002
"... We study the degradation in network performance caused by the selfish behavior of noncooperative network users. We consider a model of selfish routing in which the latency experienced by network traffic on an edge of the network is a function of the edge congestion, and network users are assumed to ..."
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Cited by 219 (16 self)
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network performance. We quantify this degradation in network performance via the price of anarchy, the worstpossible ratio between the total latency of a Nash equilibrium and of an optimal routing of the traffic. We show the price of anarchy is determined only by the simplest of networks. Specifically
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