Showing 1 - 6 of 6
Non-monetary mechanisms for repeated allocation and decision-making are gaining widespread use in many real-world settings. Our aim in this work is to study the performance and incentive properties of simple mechanisms based on artificial currencies in such settings.To this end, we make the...
Persistent link: https://www.econbiz.de/10012901929
Collusion has long been the Achilles heel of mechanism design, as most results break down when participating agents can collude. The issue is more severe when monetary transfers (bribes) between agents are feasible, wherein it is known that truthful revelation and efficient allocation are...
Persistent link: https://www.econbiz.de/10012899989
Persistent link: https://www.econbiz.de/10012625648
A seller in an online marketplace with an effective reputation mechanism should expect that dishonest behavior results in higher payments now, while honest behavior results in higher reputation – and thus higher payments – in the future. We study two widely used classes of reputation...
Persistent link: https://www.econbiz.de/10013144265
Persistent link: https://www.econbiz.de/10012821239
Persistent link: https://www.econbiz.de/10012547563