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Yadati Narahari

Publications and source records attributed to Yadati Narahari.

9 recordsLinked to original sources

Learning Principal-Agent Contracts for Equitable Smallholder Carbon Farming under Moral Hazard and Adverse Selection

Agricultural soils are a major untapped carbon sink. Carbon farming is emerging as a promising practice for tapping this potential. Smallholder farmers, who dominate agriculture across South Asia and sub-Saharan Africa, are key to scaling climate mitigation via carbon farming. It is ironic that real-world carbon programs largely fail to reach them. We study this important gap through the lens of contract design. An aggregator offers a single pooled contract to a heterogeneous population of smallholder farmers who have private adoption costs (adverse selection) and exert unobserved effort (moral hazard), with agronomic outcomes evolving over multiple seasons. We formulate this evolving contracting problem as a POMDP and use reinforcement learning to learn a dynamic profit-maximising contract. We analyse the performance of the aggregator under various conditions. We find that a profit-maximising aggregator does not merely inherit the exclusion of smallholders, it amplifies it. On large farms the aggregator realises 87.7% of achievable adoption, against only 8.2% on smallholdings. Per-hectare Measurement, Reporting and Verification (MRV) costs fall as farm size rises, and the aggregator's pooling contract compounds this gradient rather than offsetting it. A counterfactual that makes MRV costs purely area-proportional eliminates this disparity. Our results and simulation can guide contract and policy design that opens carbon income to smallholders while enabling agricultural soils to contribute to climate mitigation at scale.

cs.LG

Carbon Farming: An Expository, Inter-Disciplinary Survey

Carbon farming is the collection of agricultural best practices specifically designed to maximize the capture and long-term storage of atmospheric carbon dioxide in soils and plant biomass, while simultaneously reducing greenhouse gas emissions from cultivation practices. Carbon farming can be viewed as a promising pathway to simultaneously address climate change mitigation, soil degradation, and farmer welfare. For example, if the entire agricultural cropland in India practices carbon farming, this will spectacularly offset about 50% of emissions from the country's annual transport-sector emissions. However, practical deployment of carbon farming is constrained by scientific challenges, inherent complexity, and fragmented understanding across disciplines. This inter-disciplinary, expository survey offers the first unified treatment of carbon farming for practitioners, policymakers, and researchers. The survey integrates insights from agronomy, soil science, climate science, measurement, reporting, and verification (MRV), economics, carbon markets, and policy design. We begin by establishing the conceptual foundations of soil organic carbon dynamics and agricultural carbon sequestration, and compare carbon farming with the paradigms of sustainable, regenerative, and organic agriculture. We then present a comprehensive landscape analysis of carbon-farming best practices, including both generic and crop-specific interventions, and systematically examine their co-benefits and trade-offs. The paper offers a rigorous review of MRV frameworks, emerging digital MRV technologies, and the carbon-credit project life cycle, followed by a structured analysis of voluntary and compliance carbon markets...

econ.GN

On Probabilistic Assignment Rules

We study the classical assignment problem with initial endowments in a probabilistic framework. In this setting, each agent initially owns an object and has strict preferences over the entire set of objects, and the goal is to reassign objects in a way that satisfies desirable properties such as strategy-proofness, Pareto efficiency, and individual rationality. While the celebrated result by Ma (1994) shows that the Top Trading Cycles (TTC) rule is the unique deterministic rule satisfying these properties, similar positive results are scarce in the probabilistic domain. We extend Ma's result in the probabilistic setting, and as desirable properties, consider SD-efficiency, SD-individual rationality, and a weaker notion of SD-strategy-proofness -- SD-top-strategy-proofness -- which only requires agents to have no incentive to misreport if doing so increases the probability of receiving their top-ranked object. We show that under deterministic endowments, a probabilistic rule is SD-efficient, SD-individually rational, and SD-top-strategy-proof if and only if it coincides with the TTC rule. Our result highlights a positive possibility in the face of earlier impossibility results for fractional endowments (Athanassoglou and Sethuraman (2011)) and provides a first step toward reconciling desirable properties in probabilistic assignments with endowments.

econ.TH

Indivisible Participatory Budgeting under Weak Rankings

Participatory budgeting (PB) has attracted much attention in recent times due to its wide applicability in social choice settings. In this paper, we consider indivisible PB which involves allocating an available, limited budget to a set of indivisible projects, each having a certain cost, based on the preferences of agents over projects. The specific, important, research gap that we address in this paper is to propose classes of rules for indivisible PB with weak rankings (i.e., weak ordinal preferences) and investigate their key algorithmic and axiomatic issues. We propose two classes of rules having distinct significance and motivation. The first is layered approval rules which enable weak rankings to be studied by carefully translating them into approval votes. The second is need-based rules which enable to capture fairness issues. Under layered approval rules, we study two natural families of rules: greedy-truncation rules and cost-worthy rules. The paper has two parts. In the first part, we investigate algorithmic and complexity related issues for the proposed rules. In the second part, we present a detailed axiomatic analysis of these rules, for which, we examine and generalize axioms in the literature and also introduce a new axiom, pro-affordability. The paper helps to highlight the trade-offs among practical appeal, computational complexity, and axiomatic compliance of these rules.

cs.GT

Characterization of Group-Fair Social Choice Rules under Single-Peaked Preferences

We study fairness in social choice settings under single-peaked preferences. Construction and characterization of social choice rules in the single-peaked domain has been extensively studied in prior works. In fact, in the single-peaked domain, it is known that unanimous and strategy-proof deterministic rules have to be min-max rules and those that also satisfy anonymity have to be median rules. Further, random social choice rules satisfying these properties have been shown to be convex combinations of respective deterministic rules. We non-trivially add to this body of results by including fairness considerations in social choice. Our study directly addresses fairness for groups of agents. To study group-fairness, we consider an existing partition of the agents into logical groups, based on natural attributes such as gender, race, and location. To capture fairness within each group, we introduce the notion of group-wise anonymity. To capture fairness across the groups, we propose a weak notion as well as a strong notion of fairness. The proposed fairness notions turn out to be natural generalizations of existing individual-fairness notions and moreover provide non-trivial outcomes for strict ordinal preferences, unlike the existing group-fairness notions. We provide two separate characterizations of random social choice rules that satisfy group-fairness: (i) direct characterization (ii) extreme point characterization (as convex combinations of fair deterministic social choice rules). We also explore the special case where there are no groups and provide sharper characterizations of rules that achieve individual-fairness.

cs.GT

Sleeping Combinatorial Bandits

In this paper, we study an interesting combination of sleeping and combinatorial stochastic bandits. In the mixed model studied here, at each discrete time instant, an arbitrary \emph{availability set} is generated from a fixed set of \emph{base} arms. An algorithm can select a subset of arms from the \emph{availability set} (sleeping bandits) and receive the corresponding reward along with semi-bandit feedback (combinatorial bandits). We adapt the well-known CUCB algorithm in the sleeping combinatorial bandits setting and refer to it as \CSUCB. We prove -- under mild smoothness conditions -- that the \CSUCB\ algorithm achieves an $O(\log (T))$ instance-dependent regret guarantee. We further prove that (i) when the range of the rewards is bounded, the regret guarantee of \CSUCB\ algorithm is $O(\sqrt{T \log (T)})$ and (ii) the instance-independent regret is $O(\sqrt[3]{T^2 \log(T)})$ in a general setting. Our results are quite general and hold under general environments -- such as non-additive reward functions, volatile arm availability, a variable number of base-arms to be pulled -- arising in practical applications. We validate the proven theoretical guarantees through experiments.

cs.LG

Redistribution Mechanisms for Assignment of Heterogeneous Objects

There are p heterogeneous objects to be assigned to n competing agents (n > p) each with unit demand. It is required to design a Groves mechanism for this assignment problem satisfying weak budget balance, individual rationality, and minimizing the budget imbalance. This calls for designing an appropriate rebate function. When the objects are identical, this problem has been solved which we refer as WCO mechanism. We measure the performance of such mechanisms by the redistribution index. We first prove an impossibility theorem which rules out linear rebate functions with non-zero redistribution index in heterogeneous object assignment. Motivated by this theorem, we explore two approaches to get around this impossibility. In the first approach, we show that linear rebate functions with non-zero redistribution index are possible when the valuations for the objects have a certain type of relationship and we design a mechanism with linear rebate function that is worst case optimal. In the second approach, we show that rebate functions with non-zero efficiency are possible if linearity is relaxed. We extend the rebate functions of the WCO mechanism to heterogeneous objects assignment and conjecture them to be worst case optimal.

cs.GT

Dynamic Mechanism Design for Markets with Strategic Resources

The assignment of tasks to multiple resources becomes an interesting game theoretic problem, when both the task owner and the resources are strategic. In the classical, nonstrategic setting, where the states of the tasks and resources are observable by the controller, this problem is that of finding an optimal policy for a Markov decision process (MDP). When the states are held by strategic agents, the problem of an efficient task allocation extends beyond that of solving an MDP and becomes that of designing a mechanism. Motivated by this fact, we propose a general mechanism which decides on an allocation rule for the tasks and resources and a payment rule to incentivize agents' participation and truthful reports. In contrast to related dynamic strategic control problems studied in recent literature, the problem studied here has interdependent values: the benefit of an allocation to the task owner is not simply a function of the characteristics of the task itself and the allocation, but also of the state of the resources. We introduce a dynamic extension of Mezzetti's two phase mechanism for interdependent valuations. In this changed setting, the proposed dynamic mechanism is efficient, within period ex-post incentive compatible, and within period ex-post individually rational.

cs.GT

On Optimal Linear Redistribution of VCG Payments in Assignment of Heterogeneous Objects

There are p heterogeneous objects to be assigned to n competing agents (n > p) each with unit demand. It is required to design a Groves mechanism for this assignment problem satisfying weak budget balance, individual rationality, and minimizing the budget imbalance. This calls for designing an appropriate rebate function. Our main result is an impossibility theorem which rules out linear rebate functions with non-zero efficiency in heterogeneous object assignment. Motivated by this theorem, we explore two approaches to get around this impossibility. In the first approach, we show that linear rebate functions with non-zero are possible when the valuations for the objects are correlated. In the second approach, we show that rebate functions with non-zero efficiency are possible if linearity is relaxed.

cs.GT