Almost budget-balanced mechanisms for allocation of divisible resources
Allerton'09 Proceedings of the 47th annual Allerton conference on Communication, control, and computing
An efficient Nash-implementation mechanism for network resource allocation
Automatica (Journal of IFAC)
IEEE Journal on Selected Areas in Communications
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The fair allocation of scarce resources is relevant to a wide field of applications. For example, cloud resources, such as CPU, RAM, disk space, and bandwidth, have to be shared. This paper presents a mechanism to find fair allocations of multiple divisible resources, which, contrary to other mechanisms, is applicable to but not limited to the example above. Wide applicability of the mechanism is achieved by designing it (1) to scale with the number of consumers and resources, (2) to allow for arbitrary preference functions of consumers, and (3) to not rely on monetary compensation. The mechanism uses a mathematical definition of greediness to balance resources consumers receive and thereby to compute a fair allocation.