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arXiv 2204.08044cs.GT

相互依赖的公共项目

Interdependent Public Projects

Avi Cohen, Michal Feldman, Divyarthi Mohan, Inbal Talgam-Cohen

AI总结:

本文研究了相互依赖值(IDV)模型下的公共项目问题,提出了可分解估值并给出了真实性的可行刻画,同时证明了在SOS估值下排除机制是实现福利近似的关键。

摘要:

在 Milgrom 和 Weber [1982] 提出的相互依赖值(IDV)模型中,智能体拥有私有信号,这些信号捕获了他们关于不同社会选择方案的信息,并且每个智能体的估值是所有智能体信号的函数。尽管相互依赖性主要在拍卖中被研究,但它与各种社会选择场景极其相关,包括公共项目这一典型场景。与标准的独立私有值相比,IDV 模型极具挑战性,并且通过两种替代条件(即单交叉和信号上的子模性(SOS))实现了福利保证。在任一情况下,现有理论都无法解决公共项目场景。我们的贡献有两方面:(i) 我们针对 IDV 公共项目给出了真实性的可行刻画,这是存在此类刻画的最大估值类别,我们将该类别称为可分解估值;(ii) 我们针对具有 SOS 估值的公共项目提供了福利近似的可能性和不可能性结果。我们的主要不可能性结果是,与拍卖不同,对于具有 SOS 估值的公共项目,没有任何普遍真实的机制能比随机选择项目表现得更好。我们的主要正面结果适用于具有 SOS 的可排除公共项目,对此我们建立了类似于拍卖的常数因子近似。我们的结果表明,排除可能是 IDV 模型中实现福利保证的关键工具。

英文摘要:

In the interdependent values (IDV) model introduced by Milgrom and Weber [1982], agents have private signals that capture their information about different social alternatives, and the valuation of every agent is a function of all agent signals. While interdependence has been mainly studied for auctions, it is extremely relevant for a large variety of social choice settings, including the canonical setting of public projects. The IDV model is very challenging relative to standard independent private values, and welfare guarantees have been achieved through two alternative conditions known as {\em single-crossing} and {\em submodularity over signals (SOS)}. In either case, the existing theory falls short of solving the public projects setting. Our contribution is twofold: (i) We give a workable characterization of truthfulness for IDV public projects for the largest class of valuations for which such a characterization exists, and term this class \emph{decomposable valuations}; (ii) We provide possibility and impossibility results for welfare approximation in public projects with SOS valuations. Our main impossibility result is that, in contrast to auctions, no universally truthful mechanism performs better for public projects with SOS valuations than choosing a project at random. Our main positive result applies to {\em excludable} public projects with SOS, for which we establish a constant factor approximation similar to auctions. Our results suggest that exclusion may be a key tool for achieving welfare guarantees in the IDV model.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

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