Financial benchmarks estimate market values or reference rates used in a wide variety of contexts, but are often calculated from data generated by parties who have incentives to manipulate these benchmarks. Since the London Interbank Offered Rate (LIBOR) scandal in 2011, market participants,...

Introduction -- The tac travel-shopping game -- Bidding in interdependent markets -- Price prediction -- Bidding with price predictions -- Machine learning and adaptivity -- Market-specific bidding strategies -- Experimental methods and strategic analysis -- Conclusion

Market mechanisms solve distributed scheduling problems by allocating the scheduled resources according to market prices. We model distributed scheduling as a discrete resource allocation problem, and demonstrate the applicability of economic analysis to this framework. Drawing on results from...