Incentives – Effectiveness and efficiency

Merger Efficiency and Managerial Incentives

Efficiency and Incentives in Mas Co-ordination

This paper focuses on market-like coordination mechanisms in Multi-Agent Systems (MAS) and business planning has been chosen as the application area. Several fundamental criteria are derived in order to evaluate marketlike coordination mechanisms. The central criterion is the efficient allocation of jobs to agents. Assuming a relationship between classes of operational planning problems and cer...

Efficiency and Incentives in Randomized Social Choice

Ethics, Distribution, Incentives, Efficiency and Markets

Preliminary. Let me begin, if I may, on a personal note. Ever since my economic studies began back in 1967 I have wanted to understand how economic systems and policies could be made to produce better results than they often seem to in practice. Indeed, I suppose that this was really my original motivation for changing from mathematics to economics. Right at the start of my career, I therefore ...

Incentives and Efficiency in Uncertain Collaborative Environments

We consider collaborative systems where users make contributions across multiple available projects and are rewarded for their contributions in individual projects according to a local sharing of the value produced. This serves as a model of online social computing systems such as online Q&A forums and of credit sharing in scientific co-authorship settings. We show that the maximum feasible pro...