From Monetary to Nonmonetary Mechanism Design via Artificial Currencies

Published Online:https://doi.org/10.1287/moor.2020.1098

References

  • [1] Alaei S (2014) Bayesian combinatorial auctions: Expanding single buyer mechanisms to many buyers. SIAM J. Comput. 43(2):930–972.CrossrefGoogle Scholar
  • [2] Azevedo EM , Budish E (2017) Strategy-proofness in the large. Technical report, National Bureau of Economic Research, Cambridge, MA.Google Scholar
  • [3] Balseiro SR , Gur Y (2019) Learning in repeated auctions with budgets: Regret minimization and equilibrium. Management Sci. 65(9):3952–3968.LinkGoogle Scholar
  • [4] Balseiro SR , Besbes O , Weintraub GY (2015) Repeated auctions with budgets in ad exchanges: Approximations and design. Management Sci. 61(4):864–884.LinkGoogle Scholar
  • [5] Balseiro S , Gurkan H , Sun P (2019) Multi-agent mechanism design without money. Oper. Res. 67(5):1417–1436.LinkGoogle Scholar
  • [6] Bergemann D , Said M (2011) Dynamic auctions. Wiley Encyclopedia of Operations Research and Management Science (Wiley, Hoboken, NJ).Google Scholar
  • [7] Bergemann D , Välimäki J (2010) The dynamic pivot mechanism. Econometrica 78(2):771–789.CrossrefGoogle Scholar
  • [8] Brânzei S , Procaccia AD (2015) Verifiably truthful mechanisms. Proc. 2015 Conf. Innovations Theoret. Comput. Sci. (Association for Computing Machinery, New York), 297–306.Google Scholar
  • [9] Budish E (2011) The combinatorial assignment problem: Approximate competitive equilibrium from equal incomes. J. Political Econom. 119(6):1061–1103.CrossrefGoogle Scholar
  • [10] Budish EB , Cachon G , Kessler JB , Othman A (2017) Course match: A large-scale implementation of approximate competitive equilibrium from equal incomes for combinatorial allocation. Oper. Res. 65(2):314–336.LinkGoogle Scholar
  • [11] Cavallo R (2014) Incentive compatible two-tiered resource allocation without money. Proc. 2014 Internat. Conf. Autonomous Agents Multiagent Systems (International Foundation for Autonomous Agents and Multiagent Systems, Richland, SC), 1313–1320.Google Scholar
  • [12] Chawla S , Miller JB (2016) Mechanism design for subadditive agents via an ex ante relaxation. Proc. 2016 ACM Conf. Econom. Comput. (Association for Computing Machinery, New York), 579–596.Google Scholar
  • [13] Cole R , Gkatzelis V (2015) Approximating the Nash social welfare with indivisible items. Proc. 47th Annual ACM Sympos. Theory Comput. (Association for Computing Machinery, New York), 371–380.Google Scholar
  • [14] d’Aspremont C , Gérard-Varet LA (1979) Incentives and incomplete information. J. Public Econom. 11(1):25–45.CrossrefGoogle Scholar
  • [15] Devanur NR , Peres Y , Sivan B (2015) Perfect Bayesian equilibria in repeated sales. Proc. 26th Annual ACM-SIAM Sympos. Discrete Algorithms (Society for Industrial and Applied Mathematics, Philadelphia), 983–1002.Google Scholar
  • [16] Dubhashi DP , Panconesi A (2009) Concentration of Measure for the Analysis of Randomized Algorithms (Cambridge University Press, Cambridge, UK).CrossrefGoogle Scholar
  • [17] Dughmi S , Ghosh A (2010) Truthful assignment without money. Proc. 11th ACM Conf. Electronic Commerce (Association for Computing Machinery, New York), 325–334.Google Scholar
  • [18] Fudenberg D , Tirole J (1991) Game Theory (MIT Press, Cambridge, MA).Google Scholar
  • [19] Gershkov A , Moldovanu B (2009) Dynamic revenue maximization with heterogeneous objects: A mechanism design approach. Amer. Econom. J. Microeconom. 1(2):168–198.CrossrefGoogle Scholar
  • [20] Goel A , Mahdian M , Nazerzadeh H , Saberi A (2010) Advertisement allocation for generalized second-pricing schemes. Oper. Res. Lett. 38(6):571–576.CrossrefGoogle Scholar
  • [21] Gorokh A , Banerjee S , Iyer K (2016) Near-efficient allocation using artificial currency in repeated settings. Preprint, submitted October 15, http://dx.doi.org/10.2139/ssrn.2852895.Google Scholar
  • [22] Gorokh A , Banerjee S , Iyer K (2017) From monetary to non-monetary mechanism design via artificial currencies. Proc. 2017 ACM Conf. Econom. Comput. (Association for Computing Machinery, New York), 563–564.Google Scholar
  • [23] Gummadi R , Key P , Proutiere A (2012) Repeated auctions under budget constraints: Optimal bidding strategies and equilibria. Preprint, https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.1046.6525&rep=rep1&type=pdf .Google Scholar
  • [24] Guo M , Conitzer V (2010) Strategy-proof allocation of multiple items between two agents without payments or priors. Proc. Ninth Internat. Conf. Autonomous Agents Multiagent Systems, vol. 1 (International Foundation for Autonomous Agents and Multiagent Systems, Richland, SC), 881–888.Google Scholar
  • [25] Guo M , Conitzer V , Reeves DM (2009) Competitive repeated allocation without payments. Leonardi S, ed. Internet and Network Economics. Lecture Notes in Computer Science, vol. 5929 (Springer, Berlin), 244–255.Google Scholar
  • [26] Hartline JD , Roughgarden T (2008) Optimal mechanism design and money burning. Proc. 40th Annual ACM Sympos. Theory Comput. (Association for Computing Machinery, New York), 75–84.Google Scholar
  • [27] Hartline JD , Kleinberg R , Malekian A (2011) Bayesian incentive compatibility via matchings. Proc. 22nd Annual ACM-SIAM Sympos. Discrete Algorithms (Society for Industrial and Applied Mathematics, Philadelphia).Google Scholar
  • [28] Iyer K , Johari R , Sundararajan M (2014) Mean field equilibria of dynamic auctions with learning. Management Sci. 60(12):2949–2970.LinkGoogle Scholar
  • [29] Jackson MO , Sonnenschein HF (2007) Overcoming incentive constraints by linking decisions. Econometrica 75(1):241–257.CrossrefGoogle Scholar
  • [30] Kanoria Y , Nazerzadeh H (2014) Dynamic reserve prices for repeated auctions: Learning from bids. WINE 2014 (Springer, Cham, Switzerland), 232.Google Scholar
  • [31] Karande C , Mehta A , Srikant R (2013) Optimizing budget constrained spend in search advertising. Proc. Sixth ACM Internat. Conf. Web Search Data Mining (Association for Computing Machinery, New York), 697–706.Google Scholar
  • [32] Leme RP , Syrgkanis V , Tardos É (2012) Sequential auctions and externalities. Proc. 23rd Annual ACM-SIAM Sympos. Discrete Algorithms (Society for Industrial and Applied Mathematics, Philadelphia), 869–886.Google Scholar
  • [33] Milgrom PR (2004) Putting Auction Theory to Work (Cambridge University Press, Cambridge, UK).CrossrefGoogle Scholar
  • [34] Myerson RB (1981) Optimal auction design. Math. Oper. Res. 6(1):58–73.LinkGoogle Scholar
  • [35] Nazerzadeh H , Saberi A , Vohra R (2008) Dynamic cost-per-action mechanisms and applications to online advertising. Proc. 17th Internat. Conf. World Wide Web (Association for Computing Machinery, New York), 179–188.Google Scholar
  • [36] Nekipelov D , Syrgkanis V , Tardos E (2015) Econometrics for learning agents. Proc. 16th ACM Conf. Econom. Comput. (Association for Computing Machinery, New York), 1–18.Google Scholar
  • [37] Prendergast C (2016) The allocation of food to food banks. EAI Endorsed Trans. Serious Games 3(10):e4.Google Scholar
  • [38] Procaccia AD , Tennenholtz M (2013) Approximate mechanism design without money. ACM Trans. Econom. Comput. 1(4):18.Google Scholar
  • [39] Roughgarden T (2012) The price of anarchy in games of incomplete information. Proc. 13th ACM Conf. Electronic Commerce (Association for Computing Machinery, New York), 862–879.Google Scholar
  • [40] Walsh T (2014) Allocation in practice. Joint German/Austrian Conf. Artificial Intelligence (Springer, Berlin), 13–24.Google Scholar
  • [41] Yan Q (2011) Mechanism design via correlation gap. Proc. 22nd Annual ACM-SIAM Sympos. Discrete Algorithms (Society for Industrial and Applied Mathematics, Philadelphia), 710–719.Google Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.