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Agent-Based Reallocation Problem on Social Networks

Author

Listed:
  • Antoine Nongaillard

    (Laboratoire d’Informatique Fondamentale de Lille)

  • Philippe Mathieu

    (Laboratoire d’Informatique Fondamentale de Lille)

Abstract

Resource reallocation problems aim to determine an allocation maximizing a given objective function. Numerous applications are based on the assumption of restricted contacts between entities but, up to now, studies have been based on unrealistic contexts. Indeed, most of the time, agents are omniscient and/or have complete communication abilities, which are not plausible assumptions in many applications. A solution does not only consist in an optimal allocation, but in a sequence of transactions changing an initial allocation into an optimal solution. We show that the individual rationality does not allow the achievement of socially optimal allocations, and we propose a more suitable criterion: the sociability. Our method provides a sequence of transactions leading to an optimal allocation, with any restriction on agents’ communication abilities. Provided solutions can be viewed as emergent phenomena.

Suggested Citation

  • Antoine Nongaillard & Philippe Mathieu, 2014. "Agent-Based Reallocation Problem on Social Networks," Group Decision and Negotiation, Springer, vol. 23(5), pages 1067-1083, September.
    • Handle: RePEc:spr:grdene:v:23:y:2014:i:5:d:10.1007_s10726-012-9336-0
    DOI: 10.1007/s10726-012-9336-0
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    References listed on IDEAS

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    1. Antoine Nongaillard & Philippe Mathieu & Brigitte Jaumard, 2009. "A Realistic Approach To Solve The Nash Welfare," Post-Print hal-00732047, HAL.
    2. repec:dau:papers:123456789/5748 is not listed on IDEAS
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    Cited by:

    1. Xiao, Di & Wang, Jun, 2021. "Attitude interaction for financial price behaviours by contact system with small-world network topology," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 572(C).

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