On the price of mediation

ACM Conference on Electronic Commerce, pp. 315-324, 2009.

Cited by: 11|Views11
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Abstract:

We study the relationship between the social cost of corre- lated equilibria and the social cost of Nash equilibria. In contrast to previous work focusing on the possible benets of a benevolent mediator, we dene and bound the Price of Mediation (PoM): the ratio of the cost of the worst cor- related equilibrium to the cost of the worst Nas...More

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