Abstract
This paper presents inapproximability results for paradigmatic multi-dimensional truthful mechanism design problems. We first show a lower bound of 2−[Formula presented] for the scheduling problem with n unrelated machines (formulated as a mechanism design problem in the seminal paper of Nisan and Ronen on Algorithmic Mechanism Design). Our lower bound applies to universally-truthful randomized mechanisms, regardless of any computational assumptions on the running time of these mechanisms. Moreover, it holds even for the wider class of truthfulness-in-expectation mechanisms. We then turn to Bayesian settings and show a lower bound of 1.2 for Bayesian Incentive-Compatible (BIC) mechanisms. No lower bounds for truthful mechanisms in multi-dimensional settings which incorporate randomness were previously known. Next, we define the workload-minimization problem in networks. We prove lower bounds for the inter-domain routing setting presented by Feigenbaum, Papadimitriou, Sami, and Shenker. Finally, we prove lower bounds for Max–Min fairness, Min–Max fairness, and envy minimization.
Original language | English |
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Pages (from-to) | 174-193 |
Number of pages | 20 |
Journal | Games and Economic Behavior |
Volume | 110 |
DOIs | |
State | Published - Jul 2018 |
Bibliographical note
Publisher Copyright:© 2018 Elsevier Inc.
Keywords
- Algorithmic Mechanism Design
- Bayesian Incentive-Compatible mechanisms
- Randomized truthful mechanisms
- Scheduling
- Truthfulness-in-expectation mechanisms