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The Efficiency-Incentive Tradeoff in Double Auction Environments
Double Auction Environments Effi ciency-Incentive Tradeoff
2015/7/15
We consider the tradeoff between efficiency and incentives in large double auction
environments with weak budget balance. No mechanism simultaneously gives agents
perfect incentives to be...
The Kullback-Liebler Divergence as a Lyapunov Function for Incentive Based Game Dynamics
The Kullback-Liebler Divergence Lyapunov Function Incentive Game Dynamics Dynamical Systems
2012/7/9
It has been shown that the Kullback-Leibler divergence is a Lyapunov function for the replicator equations at evolutionary stable states, or ESS. In this paper we extend the result to a more general c...
Bayesian Incentive Compatibility via Fractional Assignments
Bayesian Incentive Compatibility Fractional Assignments
2012/12/3
Very recently, Hartline and Lucier studied singleparameter mechanism design problems in the Bayesian setting. They proposed a black-box reduction that converted Bayesian approximation algorithms into ...