Quantifying inefficiency in cost-sharing mechanisms
@article{Roughgarden2009QuantifyingII, title={Quantifying inefficiency in cost-sharing mechanisms}, author={Tim Roughgarden and Mukund Sundararajan}, journal={J. ACM}, year={2009}, volume={56}, pages={23:1-23:33} }
In a cost-sharing problem, several participants with unknown preferences vie to receive some good or service, and each possible outcome has a known cost. A cost-sharing mechanism is a protocol that decides which participants are allocated a good and at what prices. Three desirable properties of a cost-sharing mechanism are: incentive-compatibility, meaning that participants are motivated to bid their true private value for receiving the good; budget-balance, meaning that the mechanism recovers…
49 Citations
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