ACM SIGecom Exchanges · 2005 · 251 citations · 43 references
ComputingEconomicsResource EconomicsDistributed SystemsGame TheoryIncentive SystemsIndividual IncentivesPeer-to-peer NetworksPeer-to-peer SystemsTwo-sided MarketsIncentive Compatible MechanismsIncentive MechanismsIncentive StructuringIntergroup Resource SharingOpen QuestionsPeer CooperationPeer-to-peer ComputingUser Cooperation
While the fundamental premise of peer-to-peer (P2P) systems is that of voluntary resource sharing among individual peers, there is an inherent tension between individual rationality and collective welfare that threatens the viability of these systems. This paper surveys recent research at the intersection of economics and computer science that targets the design of distributed systems consisting of rational participants with diverse and selfish interests. In particular, we discuss major findings and open questions related to free-riding in P2P systems: factors affecting the degree of free-riding, incentive mechanisms to encourage user cooperation, and challenges in the design of incentive mechanisms for P2P systems.
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COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS
William Vickrey · The Journal of Finance · 1961 · 7.3K citations
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Management, Organization Studies, Organizational Behavior +17
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