reporting their true preferences.: 225  For example, there is incentive compatibility if high-risk clients are better off in identifying themselves as...

auction is strategically similar to an English auction and gives bidders an incentive to bid their true value. The auction was first described academically...

equivalent to a Vickrey auction against an unknown bidder. BDM's incentive compatibility is a well established theoretical result, and it relies on similar...

The abbreviation NEIC may refer to: Nash equilibrium incentive compatibility, see Myerson–Satterthwaite theorem § Requirements National Earthquake Information...

researcher need only look at the set of equilibria characterized by incentive compatibility. That is, if the mechanism designer wants to implement some outcome...

(WBB): the auctioneer should not lose money, but may gain money. 3. Incentive compatibility (IC) also called truthfulness or strategy-proofness: also comes...

payments to agents become large, sacrificing budget neutrality to incentive compatibility. In a game where multiple agents are to report their preferences...

certain constraints (e.g., a physical resource constraint, or incentive compatibility constraints). This so-called planner's problem is a mathematical...

by assuming all players truthfully report type (subject to an incentive compatibility constraint). In one blow it eliminates the need to consider either...

its predecessor. There are several incentives for a company to implement backward compatibility. Backward compatibility can be used to preserve older software...

He originated the concept of incentive compatibility, and showed how desired outcomes can be achieved by using incentive compatible mechanism design....

1007/BF01753236. S2CID 222358176. Myerson, Roger B. (January 1979). "Incentive Compatibility and the Bargaining Problem". Econometrica. 47 (1): 61–73. doi:10...

rate at helping countries develop.[citation needed] Beyond the incentive compatibility problems that can happen to foreign aid donations –that foreign...

mathematical terms, the first-order approach relaxes the more general incentive compatibility constraint in the principal's problem. The principal decides on...

also called dominant-strategy-incentive-compatible (DSIC),: 415  to distinguish it from other kinds of incentive compatibility. An SP mechanism is immune...

the truth Accuracy—the propensity of information to be correct Incentive compatibility—a property of some strategic games that encourages participants...

of Conflict. Hurwicz introduced and formalized the concept of incentive compatibility. In 2012, Alvin E. Roth and Lloyd S. Shapley were awarded the Nobel...

E[y_{i}|y_{i}<v_{i}]} The FPSBA is not incentive-compatible even in the weak sense of Bayesian-Nash-Incentive-Compatibility (BNIC), since there is no Bayesian-Nash...

commitment (sacrifices) may not be able to consistently enforce incentive compatibility." Thus, rebellious groups can organize themselves to ask of members...

make the mechanism non-truthful. Algorithmic mechanism design Incentive compatibility Quadratic voting Vazirani, Vijay V.; Nisan, Noam; Roughgarden,...

fairness and Pareto-efficiency. As a result, it is often weakened to incentive compatibility, which only requires players to report their true valuations if...

{e}})))-c({\hat {e}})\right]\geq {\bar {u}}} and the agent's "incentive compatibility (IC)" constraint, E [ u ( w ( y ( e ^ ) ) ) − c ( e ^ ) ] ≥ E [...

division process. One of these properties is truthfulness (aka incentive compatibility), which comes in two levels. Weak truthfulness means that if the...

mechanism, and like VCG, it requires a subsidy in order to induce incentive compatibility and efficiency. Both mechanisms also fall prone to collusion between...

organizational economics", MIT Press, [2] "Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment" by MacLeod and Malcomson MacLeod...

sensitive to the credit risk in the bank's portfolio of assets Incentive compatibility - Banks must adopt better risk management techniques to control...

notion of non-manipulability in the GS theorem to Ordinal Bayesian Incentive Compatibility, first studied in an important paper by Claude d'Aspremont and...

Massachusetts: MIT Press. ISBN 9780262134231. Roth, Alvin E. (1982-01-01). "Incentive compatibility in a market with indivisible goods". Economics Letters. 9 (2):...

case of default, but less than the full payment. That is why the incentive compatibility is needed to ensure binding contracts, in imperfect capital markets...

car usePages displaying short descriptions of redirect targets Incentive compatibility – Concept in game theory There ain't no such thing as a free lunch –...