منابع مشابه
Cost of Cheap Decoupled
It is known that requiring a controlled system to be decoupled may increase costs in terms of some performance measures. However, decoupling may be desirable from an applied perspective. This paper gives an explicit quantiication of the costs of decoupling. In particular, the average quadratic tracking error is used to quantify performance. The analysis exploits the parametrisation of all decou...
متن کاملRefining the Cost of Cheap Labor in Set System Auctions
In set system auctions, a single buyer needs to purchase services from multiple competing providers, and the set of providers has a combinatorial structure; a popular example is provided by shortest path auctions [1, 7]. In [3] it has been observed that if such an auction is conducted using first-price rules, then, counterintuitively, the buyer’s payment may go down if some of the sellers are p...
متن کاملLimits on the Power of Cryptographic Cheap Talk
We revisit the question of whether cryptographic protocols can replace correlated equilibria mediators in two-player strategic games. This problem was first addressed by Dodis, Halevi and Rabin (CRYPTO 2000), who suggested replacing the mediator with a secure protocol and proved that their solution is stable in the Nash equilibrium (NE) sense, provided that the players are computationally bound...
متن کاملCheap talk, efficiency and egalitarian cost sharing in joint projects
Rarely, if ever, do parties contemplating a joint project commit resources without engaging in non-binding discussions on who does what. Here we argue that such noncommittal discussions may be essential to complete a joint project. We make this point by identifying an interesting class of situations where the private information of the two parties is such that, absent prior discussions, the pro...
متن کاملEfficient cost sharing with a cheap residual claimant
1 The residual claimant approach The residual claimant is a simple way to align monetary incentives and efficiency. Its most familiar application is to the rich class of Vicrey-Clarke-Groves (VCG) mechanisms. If individual preferences are quasi-linear in money (or any other numeraire) a VCG mechanism takes the "efficient" decision, except for the fact that the budget imbalance must be covered b...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Nature
سال: 1969
ISSN: 0028-0836,1476-4687
DOI: 10.1038/2241002b0