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We present a short, geometric proof for the price-of-anarchy results that have recently been established in a series of papers on selfish routing in multicommodity flow networks and on nonatomic congestion games. This novel proof also facilitates two new types of theoretical results: On the one...
Persistent link: https://www.econbiz.de/10012756858
We study the problem of minimizing the maximum latency of flows in networks with congestion. We show that this problem is NP-hard, even when all arc latency functions are linear and there is a single source and sink. Still, an optimal flow and an equilibrium flow share a desirable property in...
Persistent link: https://www.econbiz.de/10014074341
We discuss the problem of sequencing precedence-constrained jobs on a single machine to minimize the average weighted completion time. This problem has attracted much attention in the mathematical programming community since Sidney's pioneering work in 1975. We look at the problem from a...
Persistent link: https://www.econbiz.de/10014070130
According to Wardrop's first principle, agents in a congested network choose their routes selfishly, a behavior that is captured by the Nash equilibrium of the underlying noncooperative game. A Nash equilibrium does not optimize any global criterion per se, and so there is no apparent reason why...
Persistent link: https://www.econbiz.de/10014029029