From the Abstract: “We address the problem of engineering self-organising electronic institutions for resource allocation in open, embedded and resource-constrained systems. In such systems, there is decentralised control, competition for resources and an expectation of both intentional and unintentional errors. The ‘optimal’ distribution of resources is then less important than the sustainability of the distribution mechanism, in terms of endurance and fairness, based on collective decision-making and tolerance of unintentional errors. In these circumstances, we propose to model resource allocation as a common-pool resource management problem, and develop a formal characterization of Elinor Ostrom’s socio-economic principles for enduring institutions. ”
Posted on: Sun, 17 Aug 2014 00:13:39 +0000