Row 501

Row ID: 501 | Dataset Entry | Axioma AXP Content Repository

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**Abstract** We 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.

Keywords Decentralized mechanisms · Implementation · Bargaining · Consistency · Blockchain

JEL Classification C72 · C78 · D47 · D63 · D78

Jens Gudmundsson1 , Jens Leth Hougaard1,2, and Trine Tornøe Platz1 1Department of Food and Resource Economics, University of Copenhagen, Denmark 2NYU-Shanghai, China

Direct link: [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)

And available here: [https://bcm.ku.dk/publications/](https://bcm.ku.dk/publications/)

FieldValue
text **Abstract** We 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 ann…
label r/econpapers
dataType post
communityName r/EconPapers
datetime 2020-10-20
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Raw Record

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