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In unrestricted combinatorial auctions, we put forward a mechanism that guarantees a meaningful revenue benchmark based on the possibilistic beliefs that the players have about each other’s valuations. In essence, the mechanism guarantees, within a factor of two, the maximum revenue that the...
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Three related trends in world politics – shifting in power relations, increased diversity of actors and entities, and the growing mobilization and politicization of global constituencies are contributing to a global “tussle” which threatens to erupt in a full-fledged international...
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Privacy and trust affect our strategic thinking, yet have not been precisely modeled in mechanism design. In settings of incomplete information, traditional implementations of a normal-form mechanism--by disregarding the players' privacy, or assuming trust in a mediator--may fail to reach the...
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Privacy and trust aect our strategic thinking, yet they have not been precisely modeled in mechanism design. In settings of incomplete information, traditional implementations of a normal-form mechanism - by disregarding the players' privacy, or assuming trust in a mediator - may fail to reach...
Persistent link: https://www.econbiz.de/10008617092
Privacy and trust affect our everyday thinking and, in particular, the way we approach a concrete game. Accordingly, we hope that a rigorous treatment of privacy and trust will become integral part of mechanism design. As of now, the field has been very successful in finding many ingenious...
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Collecting and processing large amounts of data is becoming increasingly crucialin our society. We model this task as evaluating a function f over a large vector x =(x1,...,xn), which is unknown, but drawn from a publicly known distribution X. In our model, learning each component of the input x...
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