Auction-based network selection in a market-based framework for trading wireless communications services

Konka, Jakub and Andonovic, Ivan and Michie, Walter and Atkinson, Robert (2014) Auction-based network selection in a market-based framework for trading wireless communications services. IEEE Transactions on Vehicular Technology, 63 (3). pp. 1365-1377. ISSN 0018-9545 (https://doi.org/10.1109/TVT.2013.2280344)

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Abstract

Digital Marketplace is a market-based framework in which a network selection mechanism is facilitated through a variant of procurement first-price sealed-bid auction; that is, wireless network operators bid for the right to transport the subscriber’s requested service over their infrastructure. In this paper, we create an economic model of this mechanism, and characterize the equilibrium under generic assumptions about the costs distributions of the network operators. Furthermore, the equilibrium is explicitly derived under more specific assumptions about the model; that is, two network operators and costs drawn from uniform distributions. In this case, we also characterize the expected prices the subscriber has to pay depending on their preferences about the service; for example, trading off quality for a lower price. Finally, we provide a numerical analysis of the case with more than two network operators.

ORCID iDs

Konka, Jakub ORCID logoORCID: https://orcid.org/0000-0001-6733-1195, Andonovic, Ivan ORCID logoORCID: https://orcid.org/0000-0001-9093-5245, Michie, Walter ORCID logoORCID: https://orcid.org/0000-0001-5132-4572 and Atkinson, Robert ORCID logoORCID: https://orcid.org/0000-0002-6206-2229;
  • Item type:Article
    ID code:44070
    Dates:
    Date
    Event
    31 March 2014
    Published
    30 August 2013
    Published Online
    Notes:© 2013 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting /republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
    Subjects:Technology > Electrical engineering. Electronics Nuclear engineering
    Department:Faculty of Engineering > Electronic and Electrical Engineering
    Depositing user: Pure Administrator
    Date deposited:17 Jun 2013 11:37
    Last modified:11 Nov 2024 10:25
    URI:https://strathprints.strath.ac.uk/id/eprint/44070
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