arXiv subjects

Dengji Zhao

Publications and source records attributed to Dengji Zhao.

41 records · Page 3Linked to original sources

arXiv2018

Customer Sharing in Economic Networks with Costs

In an economic market, sellers, infomediaries and customers constitute an economic network. Each seller has her own customer group and the seller's private customers are unobservable to other sellers. Therefore, a seller can only sell commodities among her own customers unless other sellers or infomediaries share her sale information to their customer groups. However, a seller is not incentivized to share others' sale information by default, which leads to inefficient resource allocation and limited revenue for the sale. To tackle this problem, we develop a novel mechanism called customer sharing mechanism (CSM) which incentivizes all sellers to share each other's sale information to their private customer groups. Furthermore, CSM also incentivizes all customers to truthfully participate in the sale. In the end, CSM not only allocates the commodities efficiently but also optimizes the seller's revenue.

cs.GT↗

arXiv2017

Mechanism Design in Social Networks

This paper studies an auction design problem for a seller to sell a commodity in a social network, where each individual (the seller or a buyer) can only communicate with her neighbors. The challenge to the seller is to design a mechanism to incentivize the buyers, who are aware of the auction, to further propagate the information to their neighbors so that more buyers will participate in the auction and hence, the seller will be able to make a higher revenue. We propose a novel auction mechanism, called information diffusion mechanism (IDM), which incentivizes the buyers to not only truthfully report their valuations on the commodity to the seller, but also further propagate the auction information to all their neighbors. In comparison, the direct extension of the well-known Vickrey-Clarke-Groves (VCG) mechanism in social networks can also incentivize the information diffusion, but it will decrease the seller's revenue or even lead to a deficit sometimes. The formalization of the problem has not yet been addressed in the literature of mechanism design and our solution is very significant in the presence of large-scale online social networks.

cs.GT↗

arXiv2015

Efficient Task Collaboration with Execution Uncertainty

We study a general task allocation problem, involving multiple agents that collaboratively accomplish tasks and where agents may fail to successfully complete the tasks assigned to them (known as execution uncertainty). The goal is to choose an allocation that maximises social welfare while taking their execution uncertainty into account. We show that this can be achieved by using the post-execution verification (PEV)-based mechanism if and only if agents' valuations satisfy a multilinearity condition. We then consider a more complex setting where an agent's execution uncertainty is not completely predictable by the agent alone but aggregated from all agents' private opinions (known as trust). We show that PEV-based mechanism with trust is still truthfully implementable if and only if the trust aggregation is multilinear.

cs.AI↗

arXiv2015

Incentive Design for Ridesharing with Uncertainty

We consider a ridesharing problem where there is uncertainty about the completion of trips from both drivers and riders. Specifically, we study ridesharing mechanisms that aim to incentivize commuters to reveal their valuation for trips and their probability of undertaking their trips. Due to the interdependence created by the uncertainty on commuters' valuations, we show that the Groves mechanisms are not ex-post truthful even if there is only one commuter whose valuation depends on the other commuters' uncertainty of undertaking their trips. To circumvent this impossibility, we propose an ex-post truthful mechanism, the best incentive we can design without sacrificing social welfare in this setting. Our mechanism pays a commuter if she undertakes her trip, otherwise she is penalized for not undertaking her trip. Furthermore, we identify a sufficient and necessary condition under which our mechanism is ex-post truthful.

cs.GT↗

arXiv2013

Decomposing Truthful and Competitive Online Double Auctions

In this paper, we study online double auctions, where multiple sellers and multiple buyers arrive and depart dynamically to exchange one commodity. We show that there is no deterministic online double auction that is truthful and competitive for maximising social welfare in an adversarial model. However, given the prior information that sellers are patient and the demand is not more than the supply, a deterministic and truthful greedy mechanism is actually 2-competitive, i.e. it guarantees that the social welfare of its allocation is at least half of the optimal one achievable offline. Moreover, if the number of incoming buyers is predictable, we demonstrate that an online double auction can be reduced to an online one-sided auction, and the truthfulness and competitiveness of the reduced online double auction follow that of the online one-sided auction. Notably, by using the reduction, we find a truthful mechanism that is almost 1-competitive, when buyers arrive randomly. Finally, we argue that these mechanisms also have a promising applicability in more general settings without assuming that sellers are patient, by decomposing a market into multiple sub-markets.

cs.GT↗