By Maria-Florina Balcan, Florin Constantin, Steven Ehrlich (auth.), Ning Chen, Edith Elkind, Elias Koutsoupias (eds.)
This booklet constitutes the refereed court cases of the seventh overseas Workshop on web and community Economics, WINE 2011, held in Singapore, in December 2011.
The 31 revised complete papers and five revised brief papers provided including the abstracts of three papers approximately paintings in growth have been rigorously reviewed and chosen from a hundred submissions.
The papers are orginzed in topical sections on algorithmic video game idea, algorithmic mechanism layout, computational advertisements, computational social selection, convergence and studying in video games, economics points of safety and privateness, details and a spotlight economics, community video games and social networks.
Read Online or Download Internet and Network Economics: 7th International Workshop, WINE 2011, Singapore, December 11-14, 2011. Proceedings PDF
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Additional info for Internet and Network Economics: 7th International Workshop, WINE 2011, Singapore, December 11-14, 2011. Proceedings
This will help her set the prices in such a way that maximizes the pessimistic (resp. optimistic) revenue. Sequential Pricing: Though our model is motivated by negative externalities, the same model arises in an entirely diﬀerent context that is well-studied in economics. In sequential pricing, buyers derive positive utility from neighbors who bought the item earlier in time, and strategically decide when to buy the item to maximize their utility. The goal of the seller is to decide the prices to set for each stage, with later stages having higher prices, so that the resulting subgame among the buyers raises large revenue.
Computing optimal randomized resource allocations for massive security games. In: AAMAS, pp. 689–696 (2009) 9. : Complexity of computing optimal Stackelberg strategies in security resource allocation games. In: AAAI, pp. 805–810 (2010) 10. : An analysis of approximations for maximizing submodular set functions. Mathematical Programming 14(1), 265–294 (1978) 11. : Using game theory for Los Angeles Airport security. AI Magazine 30(1), 43–57 (2009) 12. : Deployed ARMOR protection: The application of a game-theoretic model for security at the Los Angeles International Airport.
The nodes of the set V that are colored black form a maximal independent set in G = (V, E). Lemma 4. Consider the pure Nash equilibrium in graph G with minimum revenue. If a node i ∈ V is colored white, then the revenue from the set Ti is Θ(Δ). Lemma 5. Consider any pure Nash equilibrium in graph G. If a node i ∈ V is colored black, then the revenue from the set Ti is Θ(Δ2 ). Let B ∗ (resp. W ∗ = V \B ∗ ) denote the set of black (resp. white) nodes from V in the pure Nash equilibrium of graph G that minimizes revenue.