Truthful interval covering

Abstract We initiate the study of a novel problem in mechanism design without money, which we term Truthful Interval Covering (TIC). An instance of TIC consists of a set of agents each associated with an individual interval on a line, and the objective is to decide where to place a covering interval to minimize the total social or egalitarian cost of the agents, which is determined by the intersection of this interval with their individual ones. This fundamental problem can model situations of provisioning a public good, such as the use of power generators to prevent or mitigate load shedding in developing countries. In the strategic version of the problem, the agents wish to minimize their individual costs, and might misreport the position and/or length of their intervals to achieve that. Our goal is to design truthful mechanisms to prevent such strategic misreports and achieve good approximations to the best possible social or egalitarian cost. We consider the fundamental setting of known intervals with equal lengths and provide tight bounds on the approximation ratios achieved by truthful deterministic mechanisms. For the social cost, we also design a randomized truthful mechanism that outperforms all possible deterministic ones. Finally, we highlight a plethora of natural extensions of our model for future work, as well as some natural limitations of those settings.

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Publication Details

Journal
Autonomous Agents and Multi-Agent Systems
Published
2024-08-20
DOI
https://doi.org/10.1007/s10458-024-09673-6
Primary Topic
Game Theory and Voting Systems
Type
article
Field-Weighted Citation Impact
0.00

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article

Truthful interval covering

Argyrios Deligkas, Aris Filos-Ratsikas, Alexandros A. Voudouris
Autonomous Agents and Multi-Agent Systems
Game Theory and Voting Systems
article

Truthful interval covering

Argyrios Deligkas, Aris Filos-Ratsikas, Alexandros A. Voudouris
article en

Abstract

Abstract We initiate the study of a novel problem in mechanism design without money, which we term Truthful Interval Covering (TIC). An instance of TIC consists of a set of agents each associated with an individual interval on a line, and the objective is to decide where to place a covering interval to minimize the total social or egalitarian cost of the agents, which is determined by the intersection of this interval with their individual ones. This fundamental problem can model situations of provisioning a public good, such as the use of power generators to prevent or mitigate load shedding in developing countries. In the strategic version of the problem, the agents wish to minimize their individual costs, and might misreport the position and/or length of their intervals to achieve that. Our goal is to design truthful mechanisms to prevent such strategic misreports and achieve good approximations to the best possible social or egalitarian cost. We consider the fundamental setting of known intervals with equal lengths and provide tight bounds on the approximation ratios achieved by truthful deterministic mechanisms. For the social cost, we also design a randomized truthful mechanism that outperforms all possible deterministic ones. Finally, we highlight a plethora of natural extensions of our model for future work, as well as some natural limitations of those settings.

Autonomous Agents and Multi-Agent SystemsVol. 38(2)
University of Essex (GB), Royal Holloway University of London (GB), University of Edinburgh (GB)
Andlinger Center for Energy and the Environment, Princeton University, Engineering and Physical Sciences Research Council
Partnerships for the goals
Openalex Percentile: Top 82%
Game Theory and Voting Systems
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