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"text": "**Abstract** \nWe study decentralized task coordination. Tasks are of varying complexity and agents asymmetric: agents capable of completing high-level tasks may also take on tasks originally contracted by lowerlevel agents, facilitating system-wide cost reductions. We suggest a family of decentralized two-stage mechanisms in which agents first announce preferred individual workloads and then bargain over the induced joint cost savings. The second-stage negotiations depend on the first-stage announcements as specified through the mechanism’s recognition function. We characterize mechanisms that incentivize cost-effective task allocation and further single out a particular mechanism, which additionally ensures a fair distribution of the system-wide cost savings.\n\nKeywords \nDecentralized mechanisms · Implementation · Bargaining · Consistency · Blockchain\n\nJEL Classification \nC72 · C78 · D47 · D63 · D78 \n\n Jens Gudmundsson1 , Jens Leth Hougaard1,2, and Trine Tornøe Platz1 \n1Department of Food and Resource Economics, University of Copenhagen, Denmark \n2NYU-Shanghai, China \n\nDirect link: \n[https://static-curis.ku.dk/portal/files/250117501/IFRO\\_WP\\_2020\\_11.pdf](https://static-curis.ku.dk/portal/files/250117501/IFRO_WP_2020_11.pdf)\n\nAnd available here: \n[https://bcm.ku.dk/publications/](https://bcm.ku.dk/publications/)",
"label": "r/econpapers",
"dataType": "post",
"communityName": "r/EconPapers",
"datetime": "2020-10-20",
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