Incentive-Compatible Selection Mechanisms for Forests

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Given a directed forest-graph, a probabilistic selection mechanismis a probability distribution over the vertex set. A selection mechanism is incentive-compatible(IC), if the probability assigned to a vertex does not change when we alter its outgoing edge (or even remove it). The quality of a selection mechanism is the worst-case ratio between the expected progeny under the mechanism's distribution and the maximal progeny in the forest. In this paper we prove an upper bound of 4/5 and a lower bound of 1/łn16 ∼0.36 for the quality of any IC selection mechanism. The lower bound is achieved by two novel mechanisms and is a significant improvement to the results of Babichenko et al. (WWW '18). The first, simpler mechanism, has the nice feature of generating distributions which are fair (i.e., monotone and proportional). The downside of this mechanism is that it is not exact (i.e., the probabilities might sum-up to less than 1). Our second, more involved mechanism, is exact but not fair. We also prove an impossibility for an IC mechanism that is both exact and fair and has a positive quality.

Original languageEnglish
Title of host publicationEC 2020 - Proceedings of the 21st ACM Conference on Economics and Computation
Pages111-131
Number of pages21
ISBN (Electronic)9781450379755
DOIs
StatePublished - 13 Jul 2020
Event21st ACM Conference on Economics and Computation, EC 2020 - Virtual, Online, Hungary
Duration: 13 Jul 202017 Jul 2020

Publication series

NameEC 2020 - Proceedings of the 21st ACM Conference on Economics and Computation

Conference

Conference21st ACM Conference on Economics and Computation, EC 2020
Country/TerritoryHungary
CityVirtual, Online
Period13/07/2017/07/20

Keywords

  • incentive compatibility
  • selection mechanisms

ASJC Scopus subject areas

  • Computer Science (miscellaneous)
  • Economics and Econometrics
  • Statistics and Probability
  • Computational Mathematics

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