Sentence examples for compatible incentives from inspiring English sources
Mechanism design has "incentive efficiency": given compatible incentives, no one can do better without someone doing worse.Across the spectrumMr Hurwicz's theories deployed some very elegant mathematics.
The Hospital Physician Relationship HPRR) was characterized by unique, symbiotic interdependence in which the two parties had compatible incentives to increase the volume of care using the latest technology, while maximizing the professional autonomy of the physician [ 16].
Instead, many suppliers' product lines are neglected by resellers in deference to more compatible incentive offers.
Our main result shows that in such type spaces, a mechanism is locally incentive compatible and payment-only incentive compatible if and only if it is incentive compatible.
Moreover, this equilibrium is incentive compatible with the utility cost of incentive constraints almost surely equal to 0.
In a symmetric single object allocation mechanism with n agents, we identify a necessary and sufficient condition for the existence of an equivalent deterministic dominant strategy incentive compatible mechanism for a given Bayesian incentive compatible mechanism.
A fundamental fact of modern economics is the conflict between efficiency and incentive compatibility, that is, the fact that some Pareto optimal (efficient) allocations are not incentive compatible.
Hence, demand-based pricing helps ensure incentive-compatibility. Computational markets that have demand-driven pricing may however still not be incentive compatible.
The framework of incentive compatible finite direct coordination mechanisms in the sense of Myerson (1982) [5] is isomorphic to a framework of incentive compatible stochastic mediated contracts in the sense of Rahman and Obara (2010) [11] and Rahman (2009) [10].
I do agree that you have to make the system incentive compatible.
Furthermore, the authors prove that their approach is incentive compatible; they also report extensive simulation experiments.
