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arxiv: 1105.5744 · v1 · pith:75KYQ4IBnew · submitted 2011-05-28 · 🧮 math.OC

An Efficient Tatonnement Process for the Public Good Problem

classification 🧮 math.OC
keywords processexchangegoodlevelmessageproblempublictatonnement
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We present a decentralized message exchange process (tatonnement process) for determining the level at which a certain public good will be provided to a set of individuals who finance the cost of attaining that level. The message exchange process we propose requires minimal coordination overhead and converges to the optimal solution of the corresponding centralized problem.

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