Transparency and Control in Platforms for Networked Markets

Autor:	Pang, John, Lin, Weixuan, Fu, Hu, Kleeman, Jack, Bitar, Eilyan, Wierman, Adam
Rok vydání:	2019
Předmět:	Computer Science - Computer Science and Game Theory
Druh dokumentu:	Working Paper
Popis:	In this paper, we analyze the worst case efficiency loss of online platform designs under a networked Cournot competition model. Inspired by some of the largest platforms in operation today, the platform designs that we consider examine the trade-off between transparency and control. Our results show that open access designs incentivize increased production towards perfectly competitive levels and limit efficiency loss, while controlled allocation designs lead to producer-platform incentive misalignment, resulting in low participation and unbounded efficiency loss. We also show that discriminatory access designs balance transparency and control, achieving the best of both worlds by maintaining high participation rates while limiting efficiency loss. Comment: 55 pages, 1 figures
Databáze:	arXiv
Externí odkaz:	http://arxiv.org/abs/1903.04574 Zobrazit plný text záznamu View this record from Arxiv