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We describe a new mechanism that induces accurate forecasts within an organization while reducing moral hazards and the stigma associated with negative opinions. It is based on the notion of identity escrow, whereby the identity of a forecaster is kept anonymous and only revealed when a number...
Persistent link: https://www.econbiz.de/10014106789
The exponential growth in the number of scientific papers makes it increasingly difficult for researchers to keep track of all the publications relevant to their work. Consequently, the attention that can be devoted to individual papers, measured by their citation counts, is bound to decay...
Persistent link: https://www.econbiz.de/10014137383
We propose using the information revealed through auctions, including in particular the unsuccessful bids, to identify latent demand. Applied to combinatorial auctions for bundles of goods, this information can identify new bundles with particularly high valuations, expressed by their high...
Persistent link: https://www.econbiz.de/10014140021
As Communication Service Providers (CSPs) adopt the Network Function Virtualization (NFV) paradigm they need to transition their network function capacity to a virtualized infrastructure with different Network Functions running on a set of heterogeneous servers. This abstract describes a novel...
Persistent link: https://www.econbiz.de/10012997097
We present a model for the diffusion of management fads and other technologies which lack clear objective evidence about their merits. The choices made by non-Bayesian adopters reflect both their own evaluations and the social in°uence of their peers. We show, both analytically and...
Persistent link: https://www.econbiz.de/10014027518
We present a new mechanism for encouraging risk taking within organizations that relies on the provision of decision insurance to managers. Since insurance increases the likelihood of free riding, we also introduce a technique that mitigates this moral hazard by automatically identifying the...
Persistent link: https://www.econbiz.de/10014028009
P2P clusters like the Grid and PlanetLab enable, in principle, the same statistical multiplexing efficiency gains for computing as the Internet provides for networking. The key unsolved problem is resource allocation. Existing solutions are not economically efficient and require high latency to...
Persistent link: https://www.econbiz.de/10014029385
A distinguishing feature of the information era is the saliency of people's attention as a scarce resource. Unlike an earlier time when information was a valuable resource, its easy availability has shifted the focus to the limited bandwidth that people can devote to ubiquitous media and news....
Persistent link: https://www.econbiz.de/10013154600
When should a necessary inconvenience be introduced gradually, and when should it be imposed all at once? The question is crucial to web content providers, who in order to generate revenue must sooner or later introduce advertisements, subscription fees, or other inconveniences. Assuming that...
Persistent link: https://www.econbiz.de/10013064574
We propose an auction-based mechanism to improve the efficiency of low earth orbit satellite communication systems. The mechanism allows the ground stations to bid for downlink resources such as spectrum, satellite links, or radios, without the need to send channel status back to satellites....
Persistent link: https://www.econbiz.de/10014240518