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Distributed Implementations of Vickrey-Clarke-Groves Mechanisms
New York City, New York, USA July 19-July 23
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/AAMAS.2004.10068Third International Joint Conference ...
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David C. Parkes, Harvard University
Jeffrey Shneidman, Harvard University
Mechanism design (MD) provides a useful method to implement outcomes with desirable properties in systems with self-interested computational agents. One drawback, however, is that computation is implicitly centralized in MD theory, with a central planner taking all decisions.We consider distributed implementations, in which the outcome is determined by the self-interested agents themselves. Clearly this introduces new opportunities for manipulation.We propose a number of principles to guide the distribution of computation, focusing in particular on Vickrey-Clarke-Groves mechanisms for implementing outcomes that maximize total value across agents. Our solutions bring the complete implementation into an ex post Nash equilibrium.
Citation:
David C. Parkes, Jeffrey Shneidman, "Distributed Implementations of Vickrey-Clarke-Groves Mechanisms," aamas, vol. 1, pp.261-268, Third International Joint Conference on Autonomous Agents and Multiagent Systems - Volume 1 (AAMAS'04), 2004
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