Optimal false-name-proof single-item redistribution mechanisms

Shunsuke Tsuruta, Masaaki Oka, Taiki Todo, Yujiro Kawasaki, Mingyu Guo, Yuko Sakurai, Makoto Yokoo

Research output: Chapter in Book/Report/Conference proceedingConference contribution

2 Citations (Scopus)

Abstract

Although the celebrated Vickrey auction is strategy-proof and guaranteed to achieve an efficient allocation in a single-object auction, if there exists no outside party (i.e., a seller or an auctioneer) with the right to collect the payment, the collected payment will be wasted. Redistribution mechanisms try to redistribute the payment to participating agents as much as possible without violating strategy-proofness. However, when a losing agent can obtain part of the payment, she may have an incentive to participate under multiple identities and receive a greater share of the redistribution. Our goal is to develop false-name-proof redistribution mechanisms that are robust against such manipulations. First, we prove that no mechanism simultaneously satisfies false-name-proofness and allocative efficiency, except for the Vickrey auction. Next, we propose a class of false-name-proof redistribution mechanisms, which are characterized by several parameters. We show that each mechanism in the class is not dominated by any other false-name-proof mechanism in terms of social welfare. Precisely, by choosing these parameters appropriately, all instances of this class are guaranteed to achieve at least the same amount of social welfare obtained by any false-name-proof mechanism. Furthermore, we formalize an optimization problem that determines appropriate parameter values based on prior information about participating agents.

Original languageEnglish
Title of host publication13th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2014
PublisherInternational Foundation for Autonomous Agents and Multiagent Systems (IFAAMAS)
Pages221-228
Number of pages8
ISBN (Electronic)9781634391313
Publication statusPublished - Jan 1 2014
Event13th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2014 - Paris, France
Duration: May 5 2014May 9 2014

Publication series

Name13th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2014
Volume1

Other

Other13th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2014
CountryFrance
CityParis
Period5/5/145/9/14

All Science Journal Classification (ASJC) codes

  • Artificial Intelligence

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