Title
A Feedback Control Algorithm to Steer Networks to a Cournot–Nash Equilibrium
Abstract
In this paper, we propose distributed feedback control that steers a dynamical network to a prescribed equilibrium corresponding to the so-called Cournot–Nash equilibrium. The network dynamics considered here are a class of passive nonlinear second-order systems, where production and demands act as external inputs to the systems. While productions are assumed to be controllable at each node, the demand is determined as a function of local prices according to the utility of the consumers. Using reduced information on the demand, the proposed controller guarantees the convergence of the closed-loop system to the optimal equilibrium point dictated by the Cournot–Nash competition.
Year
DOI
Venue
2019
10.1109/TCNS.2019.2897907
IEEE Transactions on Control of Network Systems
Keywords
DocType
Volume
Heuristic algorithms,Games,Production,Economics,Linear programming,Real-time systems,Control systems
Journal
6
Issue
ISSN
Citations 
4
IEEE Transactions on Control of Network Systems, 6(4), 1486-1497, 2019
0
PageRank 
References 
Authors
0.34
9
2
Name
Order
Citations
PageRank
de persis1108779.28
Nima Monshizadeh216216.85