Decentralized Task Coordination
Research output: Working paper
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Decentralized Task Coordination. / Gudmundsson, Jens; Hougaard, Jens Leth; Platz, Trine Tornøe.
Department of Food and Resource Economics, University of Copenhagen, 2020.Research output: Working paper
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TY - UNPB
T1 - Decentralized Task Coordination
AU - Gudmundsson, Jens
AU - Hougaard, Jens Leth
AU - Platz, Trine Tornøe
PY - 2020
Y1 - 2020
N2 - We study decentralized task coordination. Tasks are of varying complexity and agents asymmetric: agents capable of completing high-level tasks may also take on tasks originally contracted by lower-level agents, facilitating system-wide cost reductions. We suggest a family of decentralized two-stage mechanisms in which agents first announce preferred individual workloads and then bargain over the induced joint cost savings. The second-stage negotiations depend on the first-stage announcements as specified through the mechanism's recognition function. We characterize mechanisms that incentivize cost-effective task allocation and further single out a particular mechanism, which additionally ensures a fair distribution of the system-wide cost savings.
AB - We study decentralized task coordination. Tasks are of varying complexity and agents asymmetric: agents capable of completing high-level tasks may also take on tasks originally contracted by lower-level agents, facilitating system-wide cost reductions. We suggest a family of decentralized two-stage mechanisms in which agents first announce preferred individual workloads and then bargain over the induced joint cost savings. The second-stage negotiations depend on the first-stage announcements as specified through the mechanism's recognition function. We characterize mechanisms that incentivize cost-effective task allocation and further single out a particular mechanism, which additionally ensures a fair distribution of the system-wide cost savings.
M3 - Working paper
T3 - IFRO Working Paper
BT - Decentralized Task Coordination
PB - Department of Food and Resource Economics, University of Copenhagen
ER -
ID: 250117498