Incentives for sharing in peer-to-peer networks
Proceedings of the 3rd ACM conference on Electronic Commerce
A reputation system for peer-to-peer networks
NOSSDAV '03 Proceedings of the 13th international workshop on Network and operating systems support for digital audio and video
A Game Theoretic Framework for Incentives in P2P Systems
P2P '03 Proceedings of the 3rd International Conference on Peer-to-Peer Computing
Exchange-Based Incentive Mechanisms for Peer-to-Peer File Sharing
ICDCS '04 Proceedings of the 24th International Conference on Distributed Computing Systems (ICDCS'04)
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Free-riding and whitewashing in peer-to-peer systems
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EC '06 Proceedings of the 7th ACM conference on Electronic commerce
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FC'02 Proceedings of the 6th international conference on Financial cryptography
A Comparison of Bilateral and Multilateral Exchanges for Peer-Assisted Content Distribution
Network Control and Optimization
Peer-assisted content distribution with prices
CoNEXT '08 Proceedings of the 2008 ACM CoNEXT Conference
Hidden markets: UI design for a P2P backup application
Proceedings of the SIGCHI Conference on Human Factors in Computing Systems
Market design & analysis for a P2P backup system
Proceedings of the 11th ACM conference on Electronic commerce
Demand-aware content distribution on the internet
IEEE/ACM Transactions on Networking (TON)
Prices are right: managing resources and incentives in peer-assisted content distribution
IPTPS'08 Proceedings of the 7th international conference on Peer-to-peer systems
Liquidity in credit networks: a little trust goes a long way
Proceedings of the 12th ACM conference on Electronic commerce
Bilateral and multilateral exchanges for peer-assisted content distribution
IEEE/ACM Transactions on Networking (TON)
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We formulate a peer-to-peer system for filesharing as an exchange economy: a price is associated with each file, and users exchange files only when they can afford it. This formulation solves the free-riding problem, since uploading files is a necessary condition for being able to download. However, we do not explicitly introduce a currency; users must upload files in order to earn a budget for downloading. We discuss existence, uniqueness, and dynamic stability of the competitive equilibrium, which is always guaranteed to be Pareto efficient. In addition, a novel aspect of our approach is an allocation mechanism for clearing the market out of equilibrium. We analyze this mechanism when users can anticipate how their actions affect the allocation mechanism (price anticipating behavior). For this regime we characterize the Nash equilibria that will occur, and show that as the number of users increases, the Nash equilibrium rates become approximately Pareto efficient.