Market-Based Control: A Paradigm for Distributed Resource Allocation

Author: Scott H. Clearwater
Year: 1996
Summary: This book explores market-based control as a paradigm for distributed resource allocation in complex systems. It applies economic principles, such as supply and demand and price mechanisms, to coordinate the behavior of autonomous agents without central control. Agents make decisions based on local information and market signals, leading to efficient global outcomes.
Link: https://www.amazon.com/Market-Based-Control-Paradigm-Distributed-Allocation/dp/9810227917