Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/225512
Authors: 
Gudmundsson, Jens
Hougaard, Jens Leth
Platz, Trine Tornøe
Year of Publication: 
2020
Series/Report no.: 
IFRO Working Paper No. 2020/11
Abstract: 
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.
Subjects: 
Decentralized mechanisms
Implementation
Bargaining
Consistency
Blockchain
JEL: 
C72
C78
D47
D63
D78
Document Type: 
Working Paper

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