pith. sign in

arxiv: 1712.06709 · v2 · pith:NVUYYZTQnew · submitted 2017-12-18 · 💻 cs.GT

No truthful mechanism can be better than n approximate for two natural problems

classification 💻 cs.GT
keywords problemsmechanismagentsapproximatebettermin-maxnaturaltruthful
0
0 comments X
read the original abstract

This work gives the first natural non-utilitarian problems for which the trivial $n$ approximation via VCG mechanisms is the best possible. That is, no truthful mechanism can be better than $n$ approximate, where $n$ is the number of agents. The problems are the min-max variant of shortest path and (directed) minimum spanning tree mechanism design problems. In these procurement auctions, agents own the edges of a network, and the corresponding edge costs are private. Instead of the total weight of the subnetwork, in the min-max variant we aim to minimize the maximum agent cost.

This paper has not been read by Pith yet.

discussion (0)

Sign in with ORCID, Apple, or X to comment. Anyone can read and Pith papers without signing in.