Approximating equilibrium in the digital marketplace

Jakub Konka; Craig Michie; Ivan Andonovic; Robert Atkinson

doi:10.1109/VTCSpring.2015.7145708

Approximating equilibrium in the digital marketplace

Jakub Konka, Craig Michie, Ivan Andonovic, Robert Atkinson

Electronic And Electrical Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution book

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Abstract

Digital Marketplace is a market-based framework for trading mobile communications services at a service level. It is well suited for managing a future mobile communications environment where the one-to-one mapping between network operators and subscribers no longer holds, and the subscribers are given the option to select a network operator and a wireless access technology that matches their preferences best at a service level. As with any market-based framework, it is important to analyse the selling mechanism from the economic perspective. In this paper, we address the deficiencies of previous research on the economic equilibrium of the Digital Marketplace. We achieve this by proposing an approximation to the equilibrium of the Digital Marketplace through the use of an auction with common prior.

Original language	English
Title of host publication	2015 IEEE 81st Vehicular Technology Conference (VTC Spring)
Subtitle of host publication	Proceedings
Place of Publication	Piscataway, NJ.
Publisher	IEEE
Pages	1-6
Number of pages	6
ISBN (Print)	9781479980888
DOIs	https://doi.org/10.1109/VTCSpring.2015.7145708
Publication status	Published - May 2015
Event	2015 IEEE 81st Vehicular Technology Conference - University of Strathclyde, Glasgow, United Kingdom Duration: 11 May 2015 → 14 May 2015

Conference

Conference	2015 IEEE 81st Vehicular Technology Conference
Abbreviated title	VTC2015-Spring
Country	United Kingdom
City	Glasgow
Period	11/05/15 → 14/05/15

Keywords

auction theory
digital marketplace
network selection
mobile radio
radio access networks
telecommunication network management

Access to Document

10.1109/VTCSpring.2015.7145708

Konka-etal-IEEE-VTC-2015-Approximating-equilibrium-in-the-digitalAccepted author manuscript, 423 KB

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title = "Approximating equilibrium in the digital marketplace",

abstract = "Digital Marketplace is a market-based framework for trading mobile communications services at a service level. It is well suited for managing a future mobile communications environment where the one-to-one mapping between network operators and subscribers no longer holds, and the subscribers are given the option to select a network operator and a wireless access technology that matches their preferences best at a service level. As with any market-based framework, it is important to analyse the selling mechanism from the economic perspective. In this paper, we address the deficiencies of previous research on the economic equilibrium of the Digital Marketplace. We achieve this by proposing an approximation to the equilibrium of the Digital Marketplace through the use of an auction with common prior.",

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