Guest Editorial: Introduction to the Special Section on Economics of Modern Networks

Jianwei Huang, Costas Courcoubetis, Mihaela van der Schaar, Biying Shou, Jean C. Walrand

Abstract: The papers in this special section focus on the economics on modern network systems. Many modern networks are becoming increasingly heterogeneous, dynamic, and complex. The need for smart and self-organizing network designs has become a central research issue in a variety of applications and scenarios. Proper economic mechanism design will go hand-in-hand with technology advances in solving many complex design and operation issues in these modern networks. Such economic consideration will have fundamental impacts on a wide range of modern networks, such as the Internet, wireless networks, energy networks, transportation networks, social networks, and supply chain networks. The papers in this section examine the current state-of-art economic modeling and analysis results on networks.