Publication

A pricing mechanism for Femto Base Stations

2012
Reports

Abstract

Telecom service providers have not control over functionality of Femto-BSs. However, they can motivate home service providers to cooperate with them (e.g. activate their Femto-BSs) by porpoising a reasonable price for service they provide. A home service provider can then evaluate its utility according to the price proposed by the telecoms service provider and decide to cooperate if it gets a positive utility. In this report, we propose a pricing mechanism and evaluate the behavior of home service providers (i.e., the number of active Femto-BSs) for a given price. We mainly focus our attention on Nash equilibrium analysis.

Official source

https://infoscience.epfl.ch/entities/publication/9881adbd-7c7c-4270-a170-45f08360dc04

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2012
Reports

Abstract

Official source

https://infoscience.epfl.ch/entities/publication/9881adbd-7c7c-4270-a170-45f08360dc04

About this result

Related concepts (32)

Price

A price is the (usually not negative) quantity of payment or compensation expected, required, or given by one party to another in return for goods or services. In some situations, the price of production has a different name. If the product is a "good" in the commercial exchange, the payment for this product will likely be called its "price". However, if the product is "service", there will be other possible names for this product's name.

Pricing

Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and quality of product. Pricing is a fundamental aspect of product management and is one of the four Ps of the marketing mix, the other three aspects being product, promotion, and place.

Utility

As a topic of economics, utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism by moral philosophers such as Jeremy Bentham and John Stuart Mill. The term has been adapted and reapplied within neoclassical economics, which dominates modern economic theory, as a utility function that represents a consumer's ordinal preferences over a choice set, but is not necessarily comparable across consumers or possessing a cardinal interpretation.

Related publications (10)

A pricing mechanism for Femto Base Stations

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