Algorithmic game theory

Related publications (12)

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Artificial Intelligence often relies on information obtained from others through crowdsourcing, federated learning, or data markets. It is crucial to ensure that this data is accurate. Over the past 20 years, a variety of incentive mechanisms have been dev ...

2022

Distributional Robustness in Mechanism Design

Cagil Kocyigit

Mechanism design theory examines the design of allocation mechanisms or incentive systems involving multiple rational but self-interested agents and plays a central role in many societally important problems in economics. In mechanism design problems, agen ...

EPFL2020

An important class of game-theoretic incentive mechanisms for eliciting effort from a crowd are the peer based mechanisms, in which workers are paid by matching their answers with one another. The other classic mechanism is to have the workers solve some g ...

ASSOC ADVANCEMENT ARTIFICIAL INTELLIGENCE2019

This paper investigates reverse auctions that involve continuous values of different types of goods, general nonconvex constraints, and second stage costs. We seek to design the payment rules and conditions under which coalitions of participants cannot inf ...

2019

Exploring the Vickrey-Clarke-Groves Mechanism for Electricity Markets * *This work is partially funded under M. Kamgarpour’s European Union ERC Starting Grant CONENE.

Maryam Kamgarpour

Control reserves are power generation or consumption entities that ensure balance of supply and demand of electricity in real-time. In many countries, they are procured through a market mechanism in which entities provide bids. The system operator determin ...

2017

Game theoretic analysis of electricity market auction mechanisms

Maryam Kamgarpour, Orcun Karaca

We consider two prominent mechanisms for the electricity market; the pay-as-bid mechanism, currently applied in certain control reserve markets, and the proposed Vickrey- Clarke-Groves mechanism, an established auction mechanism used in advertising and spe ...

IEEE2017

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Sensing and monitoring of our natural environment are important for sustainability. As sensor systems grow to a large scale, it will become infeasible to place all sensors under centralized control. We investigate community sensing, where sensors are contr ...

Ieee Computer Soc2014

Buy-It-Now or Take-a-Chance: Price Discrimination Through Randomized Auctions

Laura Elisa Celis

Increasingly detailed consumer information makes sophisticated price discrimination possible. At fine levels of aggregation, demand may not obey standard regularity conditions. We propose a new randomized sales mechanism for such environments. Bidders can ...

Informs2014

Optimal Control Theory with Applications in Economics

Thomas Alois Weber

This book bridges optimal control theory and economics, discussing ordinary differential equations, optimal control, game theory, and mechanism design in one volume. Technically rigorous and largely self-contained, it provides an introduction to the use of ...

MIT Press2011

Unstructured networks (like ad-hoc or peer-to-peer networks) are networks without centralized control of their operation. Users make local decisions regarding whether to follow the network protocol or not. While providing scalability benefits, this degrade ...

2007