No truthful mechanism can be better than n approximate for two natural problems

12/18/2017

∙

by   Stefano Leucci, et al.

∙

0

∙

share

This work gives the first natural non-utilitarian problems for which the trivial n approximation via VCG mechanisms is the best possible. That is, no truthful mechanism can be better than n approximate, where n is the number of agents. The problems are the min-max variant of shortest path and (directed) minimum spanning tree mechanism design problems. In these procurement auctions, agents own the edges of a network, and the corresponding edge costs are private. Instead of the total weight of the subnetwork, in the min-max variant we aim to minimize the maximum agent cost.