| Report ID: | 06-05-11038-15 |
| Initial Submission Date: | 2006-05-01 |
| Title: | Bayesian Incentive Compatible Parametrization of Mechanisms |
| Summary: | We consider a general scheme to construct Bayesian incentive compatible mechanisms using a suitable ‘variable mechanism parametrization.’ The key idea is to perturb a given direct mechanism, which might not be truth revealing, introducing sufficient variability as a function of agents’ announcements to generate incentives for truthful revelation. We discuss a variable-price auction in a general setting as an example. |
| Authors: | Weber, Thomas; Bapna, Abhishek |
| Contact email: | webert@stanford.edu |
| | Number of views : 1047 Number of downloads : 374 |
