A family of incentive-compatible and non-subsidizing optimal resource allocation problems
type: Item
instance of: scholarly article
title: A family of incentive-compatible and non-subsidizing optimal resource allocation problems
zbMATH Open document ID: 0626.90011
DOI: 10.1016/0167-6911(87)90090-9
author: Samuel S. Chiu
author: Qing Lin
published in: Systems \& Control Letters
publication date: 1987-01-01T00:00:00Z
review text: The class of interactive processes which unifies a large family of incentive-compatible, non-subsidizing optimal resource allocation algorithms is formalized. The equations of motion are defined by the linear combination of reported marginal profits. The conditions on the matrix of motion ensure convergence, feasibility and optimality of the process. The process can be made compatible and non-subsidizing by imposing an appropriate tax rate on each user.
Mathematics Subject Classification ID: 91B60
Mathematics Subject Classification ID: 90C90
zbMATH DE Number: 4018723
zbMATH Keywords: incentive compatibility
zbMATH Keywords: linear dynamic systems
zbMATH Keywords: optimal resource allocation
zbMATH Keywords: tax rate
reviewed by: Algimantas Slivinskas
MaRDI profile type: Publication
full work available at URL: 0167-6911(87)90090-9
OpenAlex ID: W1976703080
cites work: An incentive-compatible resource allocation problem allowing collusion
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cites work: Q3904387
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description: scientific article; zbMATH DE number 4018723