LP-based covering games with low price of anarchy
Piliouras, Georgios; Valla, Tomáš; and Végh, László A.
(2014)
LP-based covering games with low price of anarchy.
Theory of Computing Systems, 57 (1).
pp. 238-260.
ISSN 1432-4350
We design a new class of vertex and set cover games, where the price of anarchy bounds match the best known constant factor approximation guarantees for the centralized optimization problems for linear and also for submodular costs. This is in contrast to all previously studied covering games, where the price of anarchy grows linearly with the size of the game. Both the game design and the price of anarchy results are based on structural properties of the linear programming relaxations. For linear costs we also exhibit simple best response dynamics that converge to Nash equilibria in linear time.
| Item Type | Article |
|---|---|
| Keywords | Mechanism design; Algorithmic game theory; Price of anarchy; Hitting set |
| Departments | Management |
| DOI | 10.1007/s00224-014-9587-z |
| Date Deposited | 19 Nov 2014 10:17 |
| URI | https://researchonline.lse.ac.uk/id/eprint/60190 |
ORCID: https://orcid.org/0000-0003-1152-200X