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

Research output: Contribution to journalArticle

13 Citations (Scopus)

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.
LanguageEnglish
Pages1365-1377
Number of pages12
JournalIEEE Transactions on Vehicular Technology
Volume63
Issue number3
Early online date30 Aug 2013
DOIs
Publication statusPublished - 31 Mar 2014

Fingerprint

Auctions
Wireless Communication
Communication
Operator
Costs
Numerical analysis
Wireless networks
Economics
Economic Model
Uniform distribution
Wireless Networks
Numerical Analysis
Infrastructure
Market
Framework
Model

Keywords

  • network selection
  • market-based framework
  • wireless communications service
  • trading
  • auction-based

Cite this

@article{95e9c0334ef648249bc7c34f79e4f6c7,
title = "Auction-based network selection in a market-based framework for trading wireless communications services",
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.",
keywords = "network selection, market-based framework, wireless communications service, trading , auction-based",
author = "Konka, {Jakub Wojciech} and Ivan Andonovic and Walter Michie and Robert Atkinson",
note = "{\circledC} 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.",
year = "2014",
month = "3",
day = "31",
doi = "10.1109/TVT.2013.2280344",
language = "English",
volume = "63",
pages = "1365--1377",
journal = "IEEE Transactions on Vehicular Technology",
issn = "0018-9545",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
number = "3",

}

TY - JOUR

T1 - Auction-based network selection in a market-based framework for trading wireless communications services

AU - Konka, Jakub Wojciech

AU - Andonovic, Ivan

AU - Michie, Walter

AU - Atkinson, Robert

N1 - © 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.

PY - 2014/3/31

Y1 - 2014/3/31

N2 - 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.

AB - 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.

KW - network selection

KW - market-based framework

KW - wireless communications service

KW - trading

KW - auction-based

UR - http://ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=25

U2 - 10.1109/TVT.2013.2280344

DO - 10.1109/TVT.2013.2280344

M3 - Article

VL - 63

SP - 1365

EP - 1377

JO - IEEE Transactions on Vehicular Technology

T2 - IEEE Transactions on Vehicular Technology

JF - IEEE Transactions on Vehicular Technology

SN - 0018-9545

IS - 3

ER -