{"id":"https://openalex.org/W3183724821","doi":"https://doi.org/10.1145/3465456.3467525","title":"Investment Incentives in Near-Optimal Mechanisms","display_name":"Investment Incentives in Near-Optimal Mechanisms","publication_year":2021,"publication_date":"2021-07-18","ids":{"openalex":"https://openalex.org/W3183724821","doi":"https://doi.org/10.1145/3465456.3467525","mag":"3183724821"},"language":"en","primary_location":{"id":"doi:10.1145/3465456.3467525","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3465456.3467525","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3465456.3467525","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 22nd ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://dl.acm.org/doi/pdf/10.1145/3465456.3467525","any_repository_has_fulltext":null},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5102736016","display_name":"Mohammad Akbarpour","orcid":"https://orcid.org/0009-0007-6530-141X"},"institutions":[{"id":"https://openalex.org/I1743320","display_name":"Palo Alto University","ror":"https://ror.org/04f812k67","country_code":"US","type":"education","lineage":["https://openalex.org/I1743320"]},{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Mohammad Akbarpour","raw_affiliation_strings":["Stanford University, Palo Alto, CA, USA"],"affiliations":[{"raw_affiliation_string":"Stanford University, Palo Alto, CA, USA","institution_ids":["https://openalex.org/I1743320","https://openalex.org/I97018004"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5074532835","display_name":"Scott Duke Kominers","orcid":"https://orcid.org/0000-0002-7608-6619"},"institutions":[{"id":"https://openalex.org/I2801851002","display_name":"Harvard University Press","ror":"https://ror.org/006v7bf86","country_code":"US","type":"other","lineage":["https://openalex.org/I136199984","https://openalex.org/I2801851002"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Scott Duke Kominers","raw_affiliation_strings":["Harvard University, Cambridge, MA, USA"],"affiliations":[{"raw_affiliation_string":"Harvard University, Cambridge, MA, USA","institution_ids":["https://openalex.org/I2801851002"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5027766661","display_name":"Shengwu Li","orcid":"https://orcid.org/0000-0002-2985-4240"},"institutions":[{"id":"https://openalex.org/I2801851002","display_name":"Harvard University Press","ror":"https://ror.org/006v7bf86","country_code":"US","type":"other","lineage":["https://openalex.org/I136199984","https://openalex.org/I2801851002"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Shengwu Li","raw_affiliation_strings":["Harvard University, Cambridge, MA, USA"],"affiliations":[{"raw_affiliation_string":"Harvard University, Cambridge, MA, USA","institution_ids":["https://openalex.org/I2801851002"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5054280613","display_name":"Paul Milgrom","orcid":"https://orcid.org/0000-0002-1919-4138"},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]},{"id":"https://openalex.org/I1743320","display_name":"Palo Alto University","ror":"https://ror.org/04f812k67","country_code":"US","type":"education","lineage":["https://openalex.org/I1743320"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Paul R. Milgrom","raw_affiliation_strings":["Stanford University, Palo Alto, CA, USA"],"affiliations":[{"raw_affiliation_string":"Stanford University, Palo Alto, CA, USA","institution_ids":["https://openalex.org/I1743320","https://openalex.org/I97018004"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5102736016"],"corresponding_institution_ids":["https://openalex.org/I1743320","https://openalex.org/I97018004"],"apc_list":null,"apc_paid":null,"fwci":0.294,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":{"value":0.7478462,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":94},"biblio":{"volume":null,"issue":null,"first_page":"26","last_page":"26"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.9976999759674072,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.967199981212616,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/incentive","display_name":"Incentive","score":0.7941399812698364},{"id":"https://openalex.org/keywords/externality","display_name":"Externality","score":0.664641261100769},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.6540495157241821},{"id":"https://openalex.org/keywords/resource-allocation","display_name":"Resource allocation","score":0.642169713973999},{"id":"https://openalex.org/keywords/mechanism","display_name":"Mechanism (biology)","score":0.5492388010025024},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.5298430919647217},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.52553790807724},{"id":"https://openalex.org/keywords/optimal-allocation","display_name":"Optimal allocation","score":0.5091590285301208},{"id":"https://openalex.org/keywords/approximation-algorithm","display_name":"Approximation algorithm","score":0.4957085847854614},{"id":"https://openalex.org/keywords/mathematical-optimization","display_name":"Mathematical optimization","score":0.4866360127925873},{"id":"https://openalex.org/keywords/resource-management","display_name":"Resource management (computing)","score":0.4412553906440735},{"id":"https://openalex.org/keywords/welfare","display_name":"Welfare","score":0.4372137784957886},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.43612056970596313},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.1880759596824646},{"id":"https://openalex.org/keywords/distributed-computing","display_name":"Distributed computing","score":0.1294984221458435},{"id":"https://openalex.org/keywords/physics","display_name":"Physics","score":0.05653733015060425}],"concepts":[{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.7941399812698364},{"id":"https://openalex.org/C16118543","wikidata":"https://www.wikidata.org/wiki/Q275372","display_name":"Externality","level":2,"score":0.664641261100769},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6540495157241821},{"id":"https://openalex.org/C29202148","wikidata":"https://www.wikidata.org/wiki/Q287260","display_name":"Resource allocation","level":2,"score":0.642169713973999},{"id":"https://openalex.org/C89611455","wikidata":"https://www.wikidata.org/wiki/Q6804646","display_name":"Mechanism (biology)","level":2,"score":0.5492388010025024},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.5298430919647217},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.52553790807724},{"id":"https://openalex.org/C3020013979","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Optimal allocation","level":2,"score":0.5091590285301208},{"id":"https://openalex.org/C148764684","wikidata":"https://www.wikidata.org/wiki/Q621751","display_name":"Approximation algorithm","level":2,"score":0.4957085847854614},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.4866360127925873},{"id":"https://openalex.org/C2780609101","wikidata":"https://www.wikidata.org/wiki/Q17156588","display_name":"Resource management (computing)","level":2,"score":0.4412553906440735},{"id":"https://openalex.org/C100243477","wikidata":"https://www.wikidata.org/wiki/Q12002092","display_name":"Welfare","level":2,"score":0.4372137784957886},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.43612056970596313},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.1880759596824646},{"id":"https://openalex.org/C120314980","wikidata":"https://www.wikidata.org/wiki/Q180634","display_name":"Distributed computing","level":1,"score":0.1294984221458435},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.05653733015060425},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/3465456.3467525","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3465456.3467525","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3465456.3467525","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 22nd ACM Conference on Economics and Computation","raw_type":"proceedings-article"}],"best_oa_location":{"id":"doi:10.1145/3465456.3467525","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3465456.3467525","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3465456.3467525","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 22nd ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.5,"display_name":"Decent work and economic growth"}],"awards":[{"id":"https://openalex.org/G496549874","display_name":"Preferences in Matching Market Design","funder_award_id":"1459912","funder_id":"https://openalex.org/F4320306076","funder_display_name":"National Science Foundation"},{"id":"https://openalex.org/G8432087471","display_name":"Auction Design for Complex Centralized Markets","funder_award_id":"1947514","funder_id":"https://openalex.org/F4320306076","funder_display_name":"National Science Foundation"},{"id":"https://openalex.org/G848032724","display_name":null,"funder_award_id":"Science","funder_id":"https://openalex.org/F4320306076","funder_display_name":"National Science Foundation"},{"id":"https://openalex.org/G963615785","display_name":null,"funder_award_id":"SES-1459912 and SES-1947514","funder_id":"https://openalex.org/F4320306076","funder_display_name":"National Science Foundation"}],"funders":[{"id":"https://openalex.org/F4320306076","display_name":"National Science Foundation","ror":"https://ror.org/021nxhr62"},{"id":"https://openalex.org/F4320315936","display_name":"Washington Center for Equitable Growth","ror":"https://ror.org/05hw40m44"},{"id":"https://openalex.org/F4320337380","display_name":"Division of Mathematical Sciences","ror":"https://ror.org/051fftw81"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3183724821.pdf","grobid_xml":"https://content.openalex.org/works/W3183724821.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2080802605","https://openalex.org/W3133864837","https://openalex.org/W2923452570","https://openalex.org/W206598027","https://openalex.org/W2978610750","https://openalex.org/W2022931285","https://openalex.org/W2364828369","https://openalex.org/W1589966275","https://openalex.org/W2376125997","https://openalex.org/W2086872282"],"abstract_inverted_index":{"In":[0,33],"many":[1],"real-world":[2],"resource":[3],"allocation":[4,13,59],"problems,":[5],"optimization":[6],"is":[7,100],"computationally":[8],"intractable,":[9],"so":[10],"any":[11],"practical":[12],"mechanism":[14],"must":[15],"be":[16],"based":[17],"on":[18,44],"an":[19],"approximation":[20],"algorithm.":[21],"We":[22],"study":[23],"investment":[24,66],"incentives":[25,67],"in":[26],"strategy-proof":[27],"mechanisms":[28],"that":[29,53,56,68],"use":[30],"such":[31],"approximations.":[32],"sharp":[34],"contrast":[35],"with":[36,48],"the":[37,105],"Vickrey-Clark-Groves":[38],"mechanism,":[39],"for":[40,92,104],"which":[41],"individual":[42],"returns":[43],"investments":[45],"are":[46],"aligned":[47],"social":[49],"welfare,":[50],"we":[51],"find":[52],"some":[54],"algorithms":[55],"approximate":[57],"efficient":[58],"arbitrarily":[60,71],"well":[61],"can":[62],"nevertheless":[63],"create":[64],"misaligned":[65],"lead":[69],"to":[70],"bad":[72],"overall":[73],"outcomes.":[74],"However,":[75],"if":[76],"a":[77],"near-efficient":[78,88],"algorithm":[79],"\"excludes":[80],"bossy":[81],"negative":[82],"externalities,\"":[83],"then":[84],"its":[85],"outcomes":[86],"remain":[87],"even":[89],"after":[90],"accounting":[91],"investments.":[93],"A":[94],"weakening":[95],"of":[96],"this":[97],"\"XBONE\"":[98],"condition":[99],"necessary":[101],"and":[102],"sufficient":[103],"result.":[106]},"counts_by_year":[{"year":2024,"cited_by_count":1}],"updated_date":"2026-03-18T14:38:29.013473","created_date":"2025-10-10T00:00:00"}
