Reallocation Problems in Agent Societies: A Local Mechanism to Maximize Social Welfare
Resource reallocation problems are common in real life and therefore gain an increasing interest in Computer Science and Economics. Such problems consider agents living in a society and negotiating their resources with each other in order to improve the welfare of the population. In many studies however, the unrealistic context considered, where agents have a flawless knowledge and unlimited interaction abilities, impedes the application of these techniques in real life problematics. In this paper, we study how agents should behave in order to maximize the welfare of the society. We propose a multi-agent method based on autonomous agents endowed with a local knowledge and local interactions. Our approach features a more realistic environment based on social networks, inside which we provide the behavior for the agents and the negotiation settings required for them to lead the negotiation processes towards socially optimal allocations. We prove that bilateral transactions of restricted cardinality are sufficient in practice to converge towards an optimal solution for different social objectives. An experimental study supports our claims and highlights the impact of a realistic environment on the efficiency of the techniques utilized.
Volume (Year): 14 (2011)
Issue (Month): 3 ()
|Contact details of provider:|| |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Brams,Steven J. & Taylor,Alan D., 1996. "Fair Division," Cambridge Books, Cambridge University Press, number 9780521556446.
- Anthony Dekker, 2007. "Studying Organisational Topology with Simple Computational Models," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 10(4), pages 6.
- Nurmi, Hannu, 1996. "Fair division: From cake-cutting to dispute resolution : Steven J. Brams and Alan D. Taylor, (Cambridge University Press, Cambridge, 1995) pp. xiv + 272, US$ 54.95 (hardcover), US$ 18.95 (paper)," European Journal of Political Economy, Elsevier, vol. 12(1), pages 169-172, April.
When requesting a correction, please mention this item's handle: RePEc:jas:jasssj:2010-65-3. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Flaminio Squazzoni)
If references are entirely missing, you can add them using this form.