MétaCan
Menu
Back to cohort
Record W3124032750

A Folk Theorem for Competing Mechanisms

2013· preprint· en· W3124032750 on OpenAlexaff
Michael Peters, Cristián Troncoso-Valverde

Bibliographic record

VenueRePEc: Research Papers in Economics · 2013
Typepreprint
Languageen
FieldDecision Sciences
TopicAuction Theory and Applications
Canadian institutionsUniversity of British Columbia
Fundersnot available
KeywordsMechanism (biology)Folk theoremMathematical economicsMechanism designBayesian gameComputer scienceGame theoryBayesian probabilityRepeated gameMicroeconomicsEconomicsArtificial intelligenceEquilibrium selectionEpistemologyPhilosophy
DOInot available

Abstract

fetched live from OpenAlex

Abstract. We provide a partial characterization of the set of out-come functions that can be supported as perfect Bayesian equilib-rium in the recommendation game described in Yamashita (Econo-metrica 2010). We show that the set of outcome functions that can be supported is at least as large as the set supportable by a mech-anism designer in the sense of Myerson (Myerson 1979). We show how to support random and correlated outcomes as equilibrium outcomes in the recommendation game. Many outcome functions can typically be supported as equilibria in competing mechanism games. Some of these outcomes look quite ’collusive’. The reason for this is that competing mechanism games often provide players the opportunity to make what they do conditional on what other players do. This allows players to support collusive outcomes by writing contracts that commit them to react whenever an opponent deviates from a putative equilibrium outcome. A complete characterization of supportable outcomes in regular contracting games is provided in Peters (2010). He shows that an equilibrium outcome function is supportable as a perfect Bayesian equilibrium in a regular contracting game only if it is supportable in a particular reciprocal contracting game in which players contracts condition directly on other players ’ contracts. In most of the literature on common agency and competing auctions, contracts cannot condition directly on other contracts. It is natural to ask whether this feature could be used to limit the large set of sup-portable outcomes. Yamashita (2010) suggested a contracting game in which contracts condition on one another indirectly through commu-nication with agents. The logic of his game is straightforward. Each principal commits to a mechanism that simply asks agents what he should do. If the majority of the agents ’ recommendations agree, the principal commits himself to carry out the recommendation.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.013
metaresearch head score (Gemma)0.004
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.523
Threshold uncertainty score0.977

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0130.004
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0010.000
Science and technology studies0.0000.000
Scholarly communication0.0010.000
Open science0.0020.002
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0010.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.120
GPT teacher head0.415
Teacher spread0.295 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations6
Published2013
Admission routes1
Has abstractyes

Explore more

Same venueRePEc: Research Papers in EconomicsSame topicAuction Theory and ApplicationsFrench-language works237,207