URA Seminar - Kanstantsin Pashkovich
Title: Contracts for Functions Based on Graphs
Speaker: | Kanstantsin Pashkovich |
Affiliation: | University of Waterloo |
Location: | MC 5479 |
Abstract: We study contracts for combinatorial problems in multi-agent settings. In this problem, a principal designs a contract with several agents, whose actions the principal is unable to observe. The principal is able to see only the outcome of the agents' collective actions; and the outcome is either a success or failure. All agents that decided to exert effort incur costs, and so naturally all agents expect a fraction of the principal's reward as a compensation. The principal needs to decide what fraction of their reward to give to each agent so that the principal's expected utility is maximized.