TY - GEN
T1 - Optimal pricing strategy for wireless social community networks
AU - Mazloumian, Amin
AU - Manshaei, Mohammad Hossein
AU - Félegyházi, Mark
AU - Hubaux, Jean Pierre
PY - 2008
Y1 - 2008
N2 - Wireless social community operators rely on subscribers who constitute a community of users. The pricing strategy of the provided wireless access is an open problem for this new generation of wireless access providers. In this paper, using both analytical and simulation approaches, we study the problem comprised of modeling user subscription and mobility behavior and of coverage evolution with the objective of finding optimal subscription fees. We compute optimal prices with both static and semi-dynamic pricing. Coping with an incomplete knowledge about users, we calculate the best static price and prove that optimal fair pricing is the optimal semi-dynamic pricing. Moreover, we have developed a simulator to verify optimal prices of social community operators with complete and incomplete knowledge. Our results show that the optimal fair pricing strategy significantly improves the cumulative payoff of social community operators.
AB - Wireless social community operators rely on subscribers who constitute a community of users. The pricing strategy of the provided wireless access is an open problem for this new generation of wireless access providers. In this paper, using both analytical and simulation approaches, we study the problem comprised of modeling user subscription and mobility behavior and of coverage evolution with the objective of finding optimal subscription fees. We compute optimal prices with both static and semi-dynamic pricing. Coping with an incomplete knowledge about users, we calculate the best static price and prove that optimal fair pricing is the optimal semi-dynamic pricing. Moreover, we have developed a simulator to verify optimal prices of social community operators with complete and incomplete knowledge. Our results show that the optimal fair pricing strategy significantly improves the cumulative payoff of social community operators.
KW - Pricing
KW - Wireless internet service providers
KW - Wireless social community
UR - http://www.scopus.com/inward/record.url?scp=65249104472&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=65249104472&partnerID=8YFLogxK
U2 - 10.1145/1403027.1403050
DO - 10.1145/1403027.1403050
M3 - Conference contribution
AN - SCOPUS:65249104472
SN - 9781605581798
T3 - SIGCOMM 2008 Conference and the Co-located Workshops - Proceedings of the 3rd International Workshop on Economics of Networked Systems, NetEcon'08
SP - 103
EP - 108
BT - SIGCOMM 2008 Conference and the Co-located Workshops - Proceedings of the 3rd International Workshop on Economics of Networked Systems, NetEcon'08
T2 - SIGCOMM 2008 Conference and the co-located Workshops - 3rd International Workshop on Economics of Networked Systems, NetEcon'08
Y2 - 17 August 2008 through 22 August 2008
ER -