We formulate an analytically tractable model of a limit order book on short time scales, where the dynamics are driven by stochastic fluctuations between supply and demand, and order cancellation is not a prominent feature. We establish the existence of a limiting distribution for the highest...

We propose a method for determining how much to charge users of a communication network when they share bandwidth. Our approach can be employed either when a network owner wishes to sell bandwidth for a specified period of time to a number of different users, or when users cooperate to build a...

Public telecommunication operators chose ATM as their solution for BISDN in 1989--that same year that the Internet took off. Progress has been hesitant and slow; while questions of network architecture and standards have remained unresolved, the fundamental issue holding back the roll out of ATM...

The telecommunications industry is going through a technological revolution, involving a transition from multiple voice and data networks to integrated service networks using packet switching technologies. The paper describes a new framework (the IPCP framework) for capacity planning and costing...