Next-generation wireless networks will enable the usage of different network technologies fully transparent to the user. Applications will be able to dynamically adapt to the conditions and technical constraints of the network. This vision requires a dynamic allocation of scarce network resources to different users. This paper presents simulation results from a model of admission control and dy...

This paper presents a dynamic equilibrium model of information aggregation which occurs through locally intermediated trading in a large population. We analyze how dispersed information is aggregated over time, and how it affects allocations overtime. The model exhibits excess trading due to information aggregation. We show that in the absence of private signals, dynamic trading leads to the ex...