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WINE
2009
Springer
111views Economy» more  WINE 2009»
15 years 4 months ago
Prediction Mechanisms That Do Not Incentivize Undesirable Actions
A potential downside of prediction markets is that they may incentivize agents to take undesirable actions in the real world. For example, a prediction market for whether a terrori...
Peng Shi, Vincent Conitzer, Mingyu Guo
WINE
2009
Springer
128views Economy» more  WINE 2009»
15 years 4 months ago
Sequential Bidding in the Bailey-Cavallo Mechanism
Abstract. We are interested in mechanisms that maximize social welfare. In [2] this problem was studied for multi-unit auctions and for public project problems, and in each case so...
Krzysztof R. Apt, Evangelos Markakis
WINE
2009
Springer
179views Economy» more  WINE 2009»
15 years 4 months ago
Betting on the Real Line
We study the problem of designing prediction markets for random variables with continuous or countably infinite outcomes on the real line. Our interval betting languages allow tra...
Xi Gao, Yiling Chen, David M. Pennock
WINE
2009
Springer
182views Economy» more  WINE 2009»
15 years 4 months ago
Competitive Repeated Allocation without Payments
We study the problem of allocating a single item repeatedly among multiple competing agents, in an environment where monetary transfers are not possible. We design (Bayes-Nash) inc...
Mingyu Guo, Vincent Conitzer, Daniel M. Reeves
WINE
2009
Springer
155views Economy» more  WINE 2009»
15 years 4 months ago
Bidding for Representative Allocations for Display Advertising
Display advertising has traditionally been sold via guaranteed contracts – a guaranteed contract is a deal between a publisher and an advertiser to allocate a certain number of ...
Arpita Ghosh, Randolph Preston McAfee, Kishore Pap...