TY - GEN
T1 - Pricing for profit in internet of things
AU - Ghosh, Arnob
AU - Sarkar, Saswati
N1 - Publisher Copyright:
© 2015 IEEE.
PY - 2015/9/28
Y1 - 2015/9/28
N2 - We investigate the economics of internet of things (IoT). An economic model of IoT consists of end users, advertisers and three different kinds of providers. We model different kinds of interaction among the providers as a combination of sequential and parallel non-cooperative games. We characterize the equilibrium pricing strategy and payoff of providers and corresponding demands of end users in each such setting. We quantify the impact of advertising revenue on the equilibrium pricing and demands, and compare the payoffs and demands for different interaction models.
AB - We investigate the economics of internet of things (IoT). An economic model of IoT consists of end users, advertisers and three different kinds of providers. We model different kinds of interaction among the providers as a combination of sequential and parallel non-cooperative games. We characterize the equilibrium pricing strategy and payoff of providers and corresponding demands of end users in each such setting. We quantify the impact of advertising revenue on the equilibrium pricing and demands, and compare the payoffs and demands for different interaction models.
UR - http://www.scopus.com/inward/record.url?scp=84969814803&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84969814803&partnerID=8YFLogxK
U2 - 10.1109/ISIT.2015.7282848
DO - 10.1109/ISIT.2015.7282848
M3 - Conference contribution
AN - SCOPUS:84969814803
T3 - IEEE International Symposium on Information Theory - Proceedings
SP - 2211
EP - 2215
BT - Proceedings - 2015 IEEE International Symposium on Information Theory, ISIT 2015
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - IEEE International Symposium on Information Theory, ISIT 2015
Y2 - 14 June 2015 through 19 June 2015
ER -