The communication burden of payment determination

Moshe Babaioff, Liad Blumrosen and Michael Schapira

Games and Economic Behavior, 2013, vol. 77, issue 1, 153-167

Abstract: In the presence of self-interested parties, mechanism designers typically aim to implement some social-choice function in an equilibrium. This paper studies the cost of such equilibrium requirements in terms of communication. While a certain amount of information x needs to be communicated just for computing the outcome of a certain social-choice function, an additional amount of communication may be required for computing the equilibrium-supporting payments (if exist).

Keywords: Implementation; Mechanism design; Communication complexity; Revelation principle (search for similar items in EconPapers)
JEL-codes: D82 D83 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:77:y:2013:i:1:p:153-167

DOI: 10.1016/j.geb.2012.08.007

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