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We revisit classic algorithmic search and optimization problems from the perspective of competition. Rather than a single optimizer minimizing expected cost, we consider a zero-sum game in which an optimization problem is presented to two players, whose only goal is to outperform the opponent....
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Many centralized two-sided markets form a matching between participantsby running a stable marriage algorithm. It is a well-knownfact that no matching mechanism based on a stable marriage algorithmcan guarantee truthfulness as a dominant strategy for participants.However, as we will show in this...
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We revisit classic algorithmic search and optimization problems from the perspective of competition. Rather than a single optimizer minimizing expected cost, we consider a zero-sum game in which an optimization problem is presented to two players, whose only goal is to outperform the opponent....
Persistent link: https://www.econbiz.de/10009427188
Persistent link: https://www.econbiz.de/10009621820
We propose a simple and practical "raffle" mechanism for allocating a limited supply of heterogeneous goods among unit demand consumers. While the mechanism is inspired by the common "tricky tray" raffle and a housing allocation system in Singapore, it has not been analyzed before, perhaps...
Persistent link: https://www.econbiz.de/10012963113