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- research-articleSeptember 2024
Deterministic Impartial Selection with Weights
ACM Transactions on Economics and Computation (TEAC), Volume 12, Issue 3Article No.: 10, Pages 1–22https://doi.org/10.1145/3677177In the impartial selection problem, a subset of agents up to a fixed size k among a group of n is to be chosen based on votes cast by the agents themselves. A selection mechanism is impartial if no agent can influence its own chance of being selected by ...
- research-articleSeptember 2024
The Price of Justified Representation
- Edith Elkind,
- Piotr Faliszewski,
- Ayumi Igarashi,
- Pasin Manurangsi,
- Ulrike Schmidt-Kraepelin,
- Warut Suksompong
ACM Transactions on Economics and Computation (TEAC), Volume 12, Issue 3Article No.: 11, Pages 1–27https://doi.org/10.1145/3676953In multiwinner approval voting, the goal is to select a k-member committee based on voters’ approval ballots. A well-studied concept of proportionality in this context is the justified representation (JR) axiom, which demands that no large cohesive group ...
- research-articleSeptember 2024
Weighted Fairness Notions for Indivisible Items Revisited
ACM Transactions on Economics and Computation (TEAC), Volume 12, Issue 3Article No.: 9, Pages 1–45https://doi.org/10.1145/3665799We revisit the setting of fairly allocating indivisible items when agents have different weights representing their entitlements. First, we propose a parameterized family of relaxations for weighted envy-freeness and the same for weighted proportionality; ...
- research-articleJune 2024
Convexity in Real-time Bidding and Related Problems
ACM Transactions on Economics and Computation (TEAC), Volume 12, Issue 2Article No.: 7, Pages 1–27https://doi.org/10.1145/3656552We study problems arising in real-time auction markets, common in e-commerce and computational advertising, where bidders face the problem of calculating optimal bids. We focus upon a contract management problem where a demand aggregator is subject to ...
- research-articleMarch 2024
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- research-articleDecember 2023
- research-articleApril 2023
Fairness Maximization among Offline Agents in Online-Matching Markets
ACM Transactions on Economics and Computation (TEAC), Volume 10, Issue 4Article No.: 16, Pages 1–27https://doi.org/10.1145/3569705Online matching markets (OMMs) are commonly used in today’s world to pair agents from two parties (whom we will call offline and online agents) for mutual benefit. However, studies have shown that the algorithms making decisions in these OMMs often leave ...
- research-articleFebruary 2022
Routing Games with Edge Priorities
ACM Transactions on Economics and Computation (TEAC), Volume 10, Issue 1Article No.: 1, Pages 1–27https://doi.org/10.1145/3488268Routing games over time are widely studied due to various applications, e.g., transportation, road and air traffic control, logistic in production systems, communication networks like the internet, and financial flows. In this article, we present a new ...
- research-articleAugust 2021
Weighted Envy-freeness in Indivisible Item Allocation
ACM Transactions on Economics and Computation (TEAC), Volume 9, Issue 3Article No.: 18, Pages 1–39https://doi.org/10.1145/3457166We introduce and analyze new envy-based fairness concepts for agents with weights that quantify their entitlements in the allocation of indivisible items. We propose two variants of weighted envy-freeness up to one item (WEF1): strong, where envy can be ...
- research-articleAugust 2021
A QPTAS for ɛ-Envy-Free Profit-Maximizing Pricing on Line Graphs
ACM Transactions on Economics and Computation (TEAC), Volume 9, Issue 3Article No.: 16, Pages 1–31https://doi.org/10.1145/3456762We consider the problem of pricing edges of a line graph so as to maximize the profit made from selling intervals to single-minded customers. An instance is given by a set E of n edges with a limited supply for each edge, and a set of m clients, where ...
- research-articleJune 2021
On the Value of Penalties in Time-Inconsistent Planning
ACM Transactions on Economics and Computation (TEAC), Volume 9, Issue 3Article No.: 17, Pages 1–18https://doi.org/10.1145/3456768People tend to behave inconsistently over time due to an inherent present bias. As this may impair performance, social and economic settings need to be adapted accordingly. Common tools to reduce the impact of time-inconsistent behavior are penalties ...
- research-articleOctober 2020
Fair Mixing: The Case of Dichotomous Preferences
ACM Transactions on Economics and Computation (TEAC), Volume 8, Issue 4Article No.: 18, Pages 1–27https://doi.org/10.1145/3417738We consider a setting in which agents vote to choose a fair mixture of public outcomes. The agents have dichotomous preferences: Each outcome is liked or disliked by an agent. We discuss three outstanding voting rules. The Conditional Utilitarian rule, ...
- research-articleDecember 2019
Dynamic Matching and Allocation of Tasks
ACM Transactions on Economics and Computation (TEAC), Volume 7, Issue 4Article No.: 19, Pages 1–27https://doi.org/10.1145/3369925In many two-sided markets, the parties to be matched have incomplete information about their characteristics. We consider the settings where the parties engaged are extremely patient and are interested in long-term partnerships. Hence, once the final ...
- research-articleOctober 2019
The Good, the Bad, and the Unflinchingly Selfish: Pro-sociality can be Well Predicted Using Payoffs and Three Behavioral Types
ACM Transactions on Economics and Computation (TEAC), Volume 7, Issue 3Article No.: 13, Pages 1–14https://doi.org/10.1145/3355947The human willingness to pay costs to benefit anonymous others is often explained by social preferences: rather than only valuing their own material payoff, people also include the payoffs of others in their utility function. But how successful is this ...
- research-articleSeptember 2019
The Unreasonable Fairness of Maximum Nash Welfare
ACM Transactions on Economics and Computation (TEAC), Volume 7, Issue 3Article No.: 12, Pages 1–32https://doi.org/10.1145/3355902The maximum Nash welfare (MNW) solution—which selects an allocation that maximizes the product of utilities—is known to provide outstanding fairness guarantees when allocating divisible goods. And while it seems to lose its luster when applied to ...
- research-articleJuly 2019
Knapsack Voting for Participatory Budgeting
ACM Transactions on Economics and Computation (TEAC), Volume 7, Issue 2Article No.: 8, Pages 1–27https://doi.org/10.1145/3340230We address the question of aggregating the preferences of voters in the context of participatory budgeting. We scrutinize the voting method currently used in practice, underline its drawbacks, and introduce a novel scheme tailored to this setting, which ...
- research-articleJune 2019
Bid-Limited Targeting
ACM Transactions on Economics and Computation (TEAC), Volume 7, Issue 2Article No.: 5, Pages 1–33https://doi.org/10.1145/3327968This article analyzes a mechanism for selling items in auctions in which the auctioneer specifies a cap on the ratio between the maximum and minimum bids that bidders may use in the auctions. Such a mechanism is widely used in online advertising through ...
- research-articleJanuary 2019
Aggregation of Votes with Multiple Positions on Each Issue
ACM Transactions on Economics and Computation (TEAC), Volume 7, Issue 1Article No.: 1, Pages 1–25https://doi.org/10.1145/3296675We consider the problem of aggregating votes cast by a society on a fixed set of issues, where each member of the society may vote for one of several positions on each issue, but the combination of votes on the various issues is restricted to a set of ...
- research-articleJanuary 2019
Committee Scoring Rules: Axiomatic Characterization and Hierarchy
ACM Transactions on Economics and Computation (TEAC), Volume 7, Issue 1Article No.: 3, Pages 1–39https://doi.org/10.1145/3296672Committee scoring voting rules are multiwinner analogues of positional scoring rules, which constitute an important subclass of single-winner voting rules. We identify several natural subclasses of committee scoring rules, namely, weakly separable, ...