Pricing for profit in internet of things

Arnob Ghosh, Saswati Sarkar

Research output: Chapter in Book/Report/Conference proceedingConference contribution

12 Scopus citations


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.

Original languageEnglish (US)
Title of host publicationProceedings - 2015 IEEE International Symposium on Information Theory, ISIT 2015
PublisherInstitute of Electrical and Electronics Engineers Inc.
Number of pages5
ISBN (Electronic)9781467377041
StatePublished - Sep 28 2015
Externally publishedYes
EventIEEE International Symposium on Information Theory, ISIT 2015 - Hong Kong, Hong Kong
Duration: Jun 14 2015Jun 19 2015

Publication series

NameIEEE International Symposium on Information Theory - Proceedings
ISSN (Print)2157-8095


OtherIEEE International Symposium on Information Theory, ISIT 2015
Country/TerritoryHong Kong
CityHong Kong

All Science Journal Classification (ASJC) codes

  • Theoretical Computer Science
  • Information Systems
  • Modeling and Simulation
  • Applied Mathematics


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