NDLI logo
  • Content
  • Similar Resources
  • Metadata
  • Cite This
  • Log-in
  • Fullscreen
Log-in
Do not have an account? Register Now
Forgot your password? Account recovery
  1. Transactions on Economics and Computation (TEAC)
  2. ACM Transactions on Economics and Computation (TEAC) : Volume 4
  3. Issue 2, February 2016
  4. Mechanism Design with Strategic Mediators
Loading...

Please wait, while we are loading the content...

ACM Transactions on Economics and Computation (TEAC) : Volume 5
ACM Transactions on Economics and Computation (TEAC) : Volume 4
Issue 4(Special Issue on EC'14), August 2016
Issue 3(Special Issue on EC'13), June 2016
Issue 2, February 2016
Mechanism Design with Strategic Mediators
Network Cost-Sharing without Anonymity
Tight Bounds for the Price of Anarchy of Simultaneous First-Price Auctions
Price of Stability in Polynomial Congestion Games
Truthfulness and Stochastic Dominance with Monetary Transfers
Issue 1, December 2015
ACM Transactions on Economics and Computation (TEAC) : Volume 3
ACM Transactions on Economics and Computation (TEAC) : Volume 2
ACM Transactions on Economics and Computation (TEAC) : Volume 1

Similar Documents

...
On the Power of Deterministic Mechanisms for Facility Location Games

Article

...
Approximate Mechanism Design without Money

Article

...
Local Computation Mechanism Design

Article

...
Display Advertising Auctions with Arbitrage

Article

...
Payment Rules through Discriminant-Based Classifiers

Article

...
Privacy Auctions for Recommender Systems

Article

...
Optimal Contest Design for Simple Agents

Article

...
On Random Sampling Auctions for Digital Goods

Article

...
Truthfulness Flooded Domains and the Power of Verification for Mechanism Design

Article

Mechanism Design with Strategic Mediators

Content Provider ACM Digital Library
Author Babaioff, Moshe Feldman, Moran Tennenholtz, Moshe
Copyright Year 2016
Abstract We consider the problem of designing mechanisms that interact with strategic agents through $\textit{strategic}$ intermediaries (or mediators), and investigate the cost to society due to the mediators’ strategic behavior. Selfish agents with private information are each associated with exactly one strategic mediator, and can interact with the mechanism exclusively through that mediator. Each mediator aims to optimize the combined utility of $\textit{his}$ agents, while the mechanism aims to optimize the combined utility of $\textit{all}$ agents. We focus on the problem of facility location on a metric induced by a publicly known tree. With nonstrategic mediators, there is a dominant strategy mechanism that is optimal. We show that when both agents and mediators act strategically, there is no dominant strategy mechanism that achieves $\textit{any}$ approximation. We, thus, slightly relax the incentive constraints, and define the notion of a two-sided incentive compatible mechanism. We show that the 3-competitive $\textit{deterministic}$ mechanism suggested by Procaccia and Tennenholtz [2013] and Dekel et al. [2010] for lines extends naturally to trees, and is still 3-competitive as well as two-sided incentive compatible. This is essentially the best possible (follows from Dekel et al. [2010] and Procaccia and Tennenholtz [2013]). We then show that by allowing randomization one can construct a 2-competitive $\textit{randomized}$ mechanism that is two-sided incentive compatible, and this is also essentially tight. This result also reduces a gap left in the work of Procaccia and Tennenholtz [2013] and Lu et al. [2009] for the problem of designing strategy-proof mechanisms for weighted agents with no mediators on a line. We also investigate a generalization of the preceding setting where there are multiple levels of mediators.
Starting Page 1
Ending Page 48
Page Count 48
File Format PDF
ISSN 21678375
e-ISSN 21678383
DOI 10.1145/2841227
Volume Number 4
Issue Number 2
Journal ACM Transactions on Economics and Computation (TEAC)
Language English
Publisher Association for Computing Machinery (ACM)
Publisher Date 2016-01-13
Publisher Place New York
Access Restriction One Nation One Subscription (ONOS)
Subject Keyword Facility location Mechanism design Mediators
Content Type Text
Resource Type Article
Subject Economics and Econometrics Marketing Computational Mathematics Statistics and Probability Computer Science
  • About
  • Disclaimer
  • Feedback
  • Sponsor
  • Contact
  • Chat with Us
About National Digital Library of India (NDLI)
NDLI logo

National Digital Library of India (NDLI) is a virtual repository of learning resources which is not just a repository with search/browse facilities but provides a host of services for the learner community. It is sponsored and mentored by Ministry of Education, Government of India, through its National Mission on Education through Information and Communication Technology (NMEICT). Filtered and federated searching is employed to facilitate focused searching so that learners can find the right resource with least effort and in minimum time. NDLI provides user group-specific services such as Examination Preparatory for School and College students and job aspirants. Services for Researchers and general learners are also provided. NDLI is designed to hold content of any language and provides interface support for 10 most widely used Indian languages. It is built to provide support for all academic levels including researchers and life-long learners, all disciplines, all popular forms of access devices and differently-abled learners. It is designed to enable people to learn and prepare from best practices from all over the world and to facilitate researchers to perform inter-linked exploration from multiple sources. It is developed, operated and maintained from Indian Institute of Technology Kharagpur.

Learn more about this project from here.

Disclaimer

NDLI is a conglomeration of freely available or institutionally contributed or donated or publisher managed contents. Almost all these contents are hosted and accessed from respective sources. The responsibility for authenticity, relevance, completeness, accuracy, reliability and suitability of these contents rests with the respective organization and NDLI has no responsibility or liability for these. Every effort is made to keep the NDLI portal up and running smoothly unless there are some unavoidable technical issues.

Feedback

Sponsor

Ministry of Education, through its National Mission on Education through Information and Communication Technology (NMEICT), has sponsored and funded the National Digital Library of India (NDLI) project.

Contact National Digital Library of India
Central Library (ISO-9001:2015 Certified)
Indian Institute of Technology Kharagpur
Kharagpur, West Bengal, India | PIN - 721302
See location in the Map
03222 282435
Mail: support@ndl.gov.in
Sl. Authority Responsibilities Communication Details
1 Ministry of Education (GoI),
Department of Higher Education
Sanctioning Authority https://www.education.gov.in/ict-initiatives
2 Indian Institute of Technology Kharagpur Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project https://www.iitkgp.ac.in
3 National Digital Library of India Office, Indian Institute of Technology Kharagpur The administrative and infrastructural headquarters of the project Dr. B. Sutradhar  bsutra@ndl.gov.in
4 Project PI / Joint PI Principal Investigator and Joint Principal Investigators of the project Dr. B. Sutradhar  bsutra@ndl.gov.in
Prof. Saswat Chakrabarti  will be added soon
5 Website/Portal (Helpdesk) Queries regarding NDLI and its services support@ndl.gov.in
6 Contents and Copyright Issues Queries related to content curation and copyright issues content@ndl.gov.in
7 National Digital Library of India Club (NDLI Club) Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach clubsupport@ndl.gov.in
8 Digital Preservation Centre (DPC) Assistance with digitizing and archiving copyright-free printed books dpc@ndl.gov.in
9 IDR Setup or Support Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops idr@ndl.gov.in
I will try my best to help you...
Cite this Content
Loading...