Pricing-based resource allocation in three-tier edge computing for social welfare maximization

that consists of edge servers, brokers, and edge users, where brokers are introduced to connect edge servers and edge users, and to facilitate resource deployment and maintenance for edge users. Our goal is to maximize . The uniqueness of this market, such as the agents’ private information and selfishness, prevents one from using standard optimization techniques. Therefore, we propose a pricing-based resource allocation mechanism via iterative bidding, called , for the three-tier edge computing market. Our theoretical results show that , where ’s performance and its properties in various scenarios.