Related papers: Towards Equitable Rail Service Allocation Through …
To enable the participation of stochastic distributed energy resources in ancillary service markets, the Danish transmission system operator, Energinet, mandates that flexibility providers satisfy a minimum 90% reliability requirement for…
It is often beneficial for agents to pool their resources in order to better accommodate fluctuations in individual demand. Many multi-round resource allocation mechanisms operate in an online manner: in each round, the agents specify their…
This paper proposes an optimal allocation problem with ramified transport technology in a spatial economy. Ramified transportation is used to model the transport economy of scale in group transportation observed widely in both nature and…
In this paper, we study the problem of resource allocation as well as pricing in the context of Internet of things (IoT) networks. We provide a novel pricing model for IoT services where all the parties involved in the communication…
This paper studies how to aggregate prosumers (or large consumers) and their collective decisions in electricity markets, with a focus on fairness. Fairness is essential for prosumers to participate in aggregation schemes. Some prosumers…
Matching markets play a prominent role in economic theory. A prime example of such a market is the sponsored search market. Here, as in other markets of that kind, market equilibria correspond to feasible, envy free, and bidder optimal…
In today's digital world, interaction with online platforms is ubiquitous, and thus content moderation is important for protecting users from content that do not comply with pre-established community guidelines. Having a robust content…
In this paper, we propose a two-stage electricity market framework to explore the participation of distributed energy resources (DERs) in a day-ahead (DA) market and a real-time (RT) market. The objective is to determine the optimal bidding…
In this study, we develop a theoretical model of strategic equilibrium bidding and price-setting behaviour by heterogeneous and boundedly rational electricity producers and a grid operator in a single electricity market under uncertain…
Ranked lists are frequently used by information retrieval (IR) systems to present results believed to be relevant to the users information need. Fairness is a relatively new but important aspect of these rankings to measure, joining a rich…
Human lives are increasingly being affected by the outcomes of automated decision-making systems and it is essential for the latter to be, not only accurate, but also fair. The literature of algorithmic fairness has grown considerably over…
The advent of powerful prediction algorithms led to increased automation of high-stake decisions regarding the allocation of scarce resources such as government spending and welfare support. This automation bears the risk of perpetuating…
The debate between the optimal way of allocating societal surplus (i.e. products and services) has been raging, in one form or another, practically forever; following the collapse of the Soviet Union in 1991, the market became the only…
We describe a competetive equillibrium in a railway cargo transportation model. We reduce the problem of finding this equillibrium to the solution of to mutually dual convex optimization problems. According to L.V. Kantorvich we interpret…
An important factor to guarantee a fair use of data-driven recommendation systems is that we should be able to communicate their uncertainty to decision makers. This can be accomplished by constructing prediction intervals, which provide an…
The intelligent upgrading of metropolitan rail transit systems has made it feasible to implement demand-side management policies that integrate multiple operational strategies in practical operations. However, the tight interdependence…
Freight train services in a railway network system are generally divided into two categories: one is the unscheduled train, whose operating frequency fluctuates with origin-destination (OD) demands; the other is the scheduled train, which…
The excessive compensation packages of CEOs of U.S. corporations in recent years have brought to the foreground the issue of fairness in economics. The conventional wisdom is that the free market for labor, which determines the pay…
This paper introduces a mobility equity metric (MEM) for evaluating fairness and accessibility in multi-modal intelligent transportation systems. The MEM simultaneously accounts for service accessibility and transportation costs across…
Decentralized storage networks offer services with intriguing possibilities to reduce inequalities in an extremely centralized market. The challenge is to conceive incentives that are fair in regard to the income distribution among peers.…