Incentive Design for Rational Agents

We introduce Incentive Design: a new class of problems for equilibrium verification in multi-agent systems. In our model, agents attempt to maximize their utility functions, which are expressed as formulae in LTL[F], a quantitative extension of Linear Temporal Logic with functions computable in polynomial time. We assume agents are rational, in the sense that they adopt strategies consistent with game theoretic solution concepts such as Nash equilibrium. For each solution concept we consider, we analyze the problems of verifying whether an incentive scheme achieves a societal objective and finding one that does so, whether it be social welfare or any other aggregate measure of collective well-being. We study both static and dynamic incentive schemes, showing that the latter are more powerful than the former. Finally, we solve the incentive verification and synthesis problems for all the solution concepts we consider, and analyze their complexity.

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Published
2024-10-26
DOI
https://doi.org/10.24963/kr.2024/44
Primary Topic
Auction Theory and Applications
Type
article
Field-Weighted Citation Impact
0.00

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article

Incentive Design for Rational Agents

Munyque Mittelmann, Aniello Murano, Michael Wooldridge, Giuseppe Perelli et al.
Auction Theory and Applications
article

Incentive Design for Rational Agents

Munyque Mittelmann, Aniello Murano, Michael Wooldridge, Giuseppe Perelli, David C. Hyland
article en

Abstract

We introduce Incentive Design: a new class of problems for equilibrium verification in multi-agent systems. In our model, agents attempt to maximize their utility functions, which are expressed as formulae in LTL[F], a quantitative extension of Linear Temporal Logic with functions computable in polynomial time. We assume agents are rational, in the sense that they adopt strategies consistent with game theoretic solution concepts such as Nash equilibrium. For each solution concept we consider, we analyze the problems of verifying whether an incentive scheme achieves a societal objective and finding one that does so, whether it be social welfare or any other aggregate measure of collective well-being. We study both static and dynamic incentive schemes, showing that the latter are more powerful than the former. Finally, we solve the incentive verification and synthesis problems for all the solution concepts we consider, and analyze their complexity.

University of Oxford (GB), University of Naples Federico II (IT), Sapienza University of Rome (IT)
UK Research and Innovation, European Commission, Sapienza Università di Roma
Openalex Percentile: Top 77%
Auction Theory and Applications
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Incentive Design for Rational Agents — Munyque Mittelmann, Aniello Murano, et al. · (2024) | TGRS Research Map | TGRS