It is well-known that the ability of the Vickrey-Clarke-Groves (VCG) mechanism to implement e¢ cient outcomes for private value choice problems does not extend to interdependent value problems. When an agent’s type a¤ects other agents’utilities, it may not be incentive compatible for him to truthfully reveal his type when faced with CGV payments. We show that when agents are informationally sma...

The possibilities for building and nourishing connections among the social, cultural, neuroscientific, biological, and cognitive sciences in the service of understanding children and their development are tremendously exciting. Crossing, and integrating across, disciplinary boundaries, especially those disciplines relating to biology/neuroscience, society/culture, cognition, emotion, perception...

Recent network research has focused on the cascading failures in a system of interdependent networks and the necessary preconditions for system collapse. An important question that has not been addressed is how to repair a failing system before it suffers total breakdown. Here we introduce a recovery strategy for nodes and develop an analytic and numerical framework for studying the concurrent ...

An individual's preference for an offering can be influenced by the preferences of others in many ways, ranging from the influence of social identification and inclusion, to the benefits of network externalities. In this paper, we introduce a Bayesian autoregressive discrete choice model to study the preference interdependence among individual consumers. The autoregressive specification can ref...