The revelation principle is a cornerstone tool in mechanism design. It states that one can restrict attention, without loss in the designer’s objective, to mechanisms in which A...
- Maintaining digital security and privacy are critical issues in the modern workplace. Sensitive and proprietary data is frequently transmitted electronically, and with the large ...
We consider auction design in a setting with costly preference elicitation. Well designed auctions can help to avoid unnecessary elicitation while determining efficient allocations...
— “Word-of-Mouth”, a novel scheme for sharing the service quality experienced with different local networks, is presented and evaluated as a distributed solution for performi...
In many market settings, agents do not know their preferences a priori. Instead, they may have to solve computationally complex optimization problems, query databases, or perform ...