Abstract
We explore the performance of polynomial-time incentive-compatible mechanisms in single-crossing domains. Single-crossing domains were extensively studied in the economics literature. Roughly speaking, a domain is single crossing if monotonicity characterizes incentive compatibility (intuitively, an algorithm is monotone if a bidder that "improves"his valuation is allocated a better outcome). That is, single-crossing domains are the standard mathematical formulation of domains that are informally known as "single parameter". In all major single-crossing domains studied so far (e.g., welfare maximization in various auctions with single-minded bidders, makespan minimization on related machines), the performance of the best polynomial-time incentive-compatible mechanisms matches the performance of the best polynomial-time non-incentive-compatible algorithms.
Original language | English |
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Title of host publication | EC 2023 - Proceedings of the 24th ACM Conference on Economics and Computation |
Publisher | Association for Computing Machinery, Inc |
Pages | 183 |
Number of pages | 1 |
ISBN (Electronic) | 9798400701047 |
DOIs | |
State | Published - 9 Jul 2023 |
Event | 24th ACM Conference on Economics and Computation, EC 2023 - London, United Kingdom Duration: 9 Jul 2023 → 12 Jul 2023 |
Publication series
Name | EC 2023 - Proceedings of the 24th ACM Conference on Economics and Computation |
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Conference
Conference | 24th ACM Conference on Economics and Computation, EC 2023 |
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Country/Territory | United Kingdom |
City | London |
Period | 9/07/23 → 12/07/23 |
Bibliographical note
Publisher Copyright:© 2023 Owner/Author(s).