Showing 1 - 10 of 20
We consider the problem of a spatially distributed market with strategic agents. A single good is traded in a set of independent markets, where shipment between markets is possible but costly. The problem has previously been studied in the non-strategic case, in which it can be analyzed and...
Persistent link: https://www.econbiz.de/10005066769
We study the equilibria of non-atomic congestion games in which there are two types of players: rational players, who seek to minimize their own delay, and malicious players, who seek to maximize the average delay experienced by the rational players. We study the existence of pure and mixed Nash...
Persistent link: https://www.econbiz.de/10005066756
In many economic settings, like spectrum and real-estate auctions, geometric figures on the plane are for sale. Each bidder bids for his desired figure, and the auctioneer has to choose a set of disjoint figures that maximizes the social welfare. In this work, we design mechanisms that are both...
Persistent link: https://www.econbiz.de/10005409401
In the presence of self-interested parties, mechanism designers typically aim to implement some social-choice function in an equilibrium. This paper studies the cost of such equilibrium requirements in terms of communication. While a certain amount of information x needs to be communicated just...
Persistent link: https://www.econbiz.de/10010603336
We study network games in which each player wishes to connect his source and sink, and the cost of each edge is shared among its users either equally (in Fair Connection Games--FCG's) or arbitrarily (in General Connection Games--GCG's). We study the existence and quality of strong equilibria...
Persistent link: https://www.econbiz.de/10005066700
A topology is efficient for network games if, for any game over it, every Nash equilibrium is socially optimal. It is well known that many topologies are not efficient for network games. We characterize efficient topologies in network games with a finite set of players, each wishing to transmit...
Persistent link: https://www.econbiz.de/10005066741
A strong equilibrium is a pure Nash equilibrium which is resilient to deviations by coalitions. We define the strong price of anarchy (SPoA) to be the ratio of the worst strong equilibrium to the social optimum. Differently from the Price of Anarchy (defined as the ratio of the worst Nash...
Persistent link: https://www.econbiz.de/10005409394
While traditional mechanism design typically assumes isomorphism between the type space of the players and their action space, behavioral, technical or regulatory factors can severely restrict the set of actions that are actually available to players. We study single-parameter mechanism-design...
Persistent link: https://www.econbiz.de/10010719490
When attempting to design a truthful mechanism for a computationally hard problem such as combinatorial auctions, one is faced with the problem that most efficiently computable heuristics can not be embedded in any truthful mechanism (e.g. VCG-like payment rules will not ensure truthfulness). We...
Persistent link: https://www.econbiz.de/10005409379
Persistent link: https://www.econbiz.de/10005409415