Efficient tendering mechanism for stochastic dynamic multi-agent projects

Details Efficient tendering mechanism for stochastic dynamic multi-agent projects Efficient tendering mechanism for stochastic dynamic multi-agent projects

2006-02-06

arxiv.org/abs/cs/0602009v93

Computer Science

Other Computer Science

25 pages

Scientific paper

We model and solve the situation when we want to hire a subset of competitive agents to complete a given project. We deal with stochastic dynamic multi-agent projects which require high level of cooperation, such as making decisions depending on some earlier chance events of other agents, while the working processes of the agents are private information. Nevertheless, we will show an efficient incentive-compatible and individually rational mechanism for such a general model; and for perfect competition, we will show another mechanism which is coalitional incentive-compatible, too.

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