Showing 1 - 10 of 79
Persistent link: https://www.econbiz.de/10011508063
Persistent link: https://www.econbiz.de/10009672266
The rising prevalence of algorithmic pricing in industry calls for a closer study of market outcomes that arise when these algorithms interact in a competitive environment. In this paper, we study the impact of boundedly rational customer choice on the landscape of joint demand curves in...
Persistent link: https://www.econbiz.de/10012840726
Recent years have witnessed the rise of many successful e-commerce marketplaces like the Amazon marketplace, Uber, AirBnB, and Upwork, where a central platform mediates economic transactions between buyers and sellers. A common feature of many of these two-sided marketplaces is that the platform...
Persistent link: https://www.econbiz.de/10012962760
Non-monetary mechanisms for repeated allocation and decision-making are gaining widespread use in many real-world settings. Our aim in this work is to study the performance and incentive properties of simple mechanisms based on artificial currencies in such settings.To this end, we make the...
Persistent link: https://www.econbiz.de/10012901929
Collusion has long been the Achilles heel of mechanism design, as most results break down when participating agents can collude. The issue is more severe when monetary transfers (bribes) between agents are feasible, wherein it is known that truthful revelation and efficient allocation are...
Persistent link: https://www.econbiz.de/10012899989
Persistent link: https://www.econbiz.de/10012820651
In many settings, resources are allocated among agents repeatedly over time without the use of monetary transfers: consider, for example, allocating server-time to company employees, rooms to students, or food among food banks. Here, the central challenge is to allocate resources efficiently...
Persistent link: https://www.econbiz.de/10012867628
We develop a new framework for designing online policies given access to an oracle providing statistical information about an offline benchmark. Having access to such prediction oracles enables simple and natural Bayesian selection policies, and raises the question as to how these policies...
Persistent link: https://www.econbiz.de/10012852524
We study the design of mechanisms without money for repeated allocation of resources among competing agents. Such mechanisms are gaining widespread use in allocating physical and/or computing resources in universities and companies, and also distributing of public goods like vaccines among...
Persistent link: https://www.econbiz.de/10012855073