Related papers: Selling a Single Item with Negative Externalities
Internet of Things (IoT) is realized by the idea of free flow of information amongst various low power embedded devices that use Internet to communicate with one another. It is predicted that the IoT will be widely deployed and it will find…
Consumer Internet of Things (IoT) devices are increasingly common, from smart speakers to security cameras, in homes. Along with their benefits come potential privacy and security threats. To limit these threats a number of commercial…
As the IoT becomes increasingly ubiquitous, concerns are being raised about how IoT systems are being built and deployed. Connected devices will generate vast quantities of data, which drive algorithmic systems and result in real-world…
Internet of Things (IoT) systems allow software to directly interact with the physical world. Recent IoT failures can be attributed to recurring software design flaws, suggesting IoT software engineers may not be learning from past…
Distributed Denial of Service (DDoS) attacks have become increasingly prevalent and dangerous in the context of Internet of Things (IoT) networks, primarily due to the low-security configurations of many connected devices. This paper…
In this paper, we explore a scenario where a sender provides an information policy and a receiver, upon observing a realization of this policy, decides whether to take a particular action, such as making a purchase. The sender's objective…
In economic theory, the concept of externality refers to any indirect effect resulting from an interaction between players that affects the social welfare. Most of the models within which externality has been studied assume that agents have…
In this paper we study a pollution regulation problem in an electricity market with a network structure. The market is ruled by an independent system operator (ISO for short) who has the goal of reducing the pollutant emissions of the…
We consider a fundamental dynamic allocation problem motivated by the problem of $\textit{securities lending}$ in financial markets, the mechanism underlying the short selling of stocks. A lender would like to distribute a finite number of…
Internet of Things (IoT) devices are becoming ubiquitous in our lives, with applications spanning from the consumer domain to commercial and industrial systems. The steep growth and vast adoption of IoT devices reinforce the importance of…
This paper studies how noise in certification technology affects seller profits in a duopoly with unobservable product quality. We identify two opposing effects of noisy certification. First, it reduces the informativeness of certification…
We continue to see increasingly widespread deployment of IoT devices, with apparent intent to embed them in our built environment likely to accelerate if smart city and related programmes succeed. In this paper we are concerned with the…
Nowadays, there are billions interconnected devices forming Cyber-Physical Systems, Internet of Things (IoT) and Industrial Internet of Things (IIoT) ecosystems. With an increasing number of devices and systems in use, amount and the value…
We consider the problem of a single seller repeatedly selling a single item to a single buyer (specifically, the buyer has a value drawn fresh from known distribution $D$ in every round). Prior work assumes that the buyer is fully rational…
A monopolist offers personalized prices to consumers with unit demand, heterogeneous values, and idiosyncratic costs, who differ in a protected characteristic, such as race or gender. The seller is subject to a non-discrimination…
An increasing number of Internet of Things (IoT) devices are connecting to the Internet, yet many of these devices are fundamentally insecure, exposing the Internet to a variety of attacks. Botnets such as Mirai have used insecure consumer…
Randomized mechanisms, which map a set of bids to a probability distribution over outcomes rather than a single outcome, are an important but ill-understood area of computational mechanism design. We investigate the role of randomized…
We investigate a seller's revenue-maximizing mechanism in a setting where a desirable good is sold together with an undesirable bad (e.g., advertisements) that generates third-party revenue. The buyer's private information is…
In addition to seamless connectivity and smartness, the objects in the Internet of Things (IoT) are expected to have the social capabilities -- these objects are termed as ``social objects''. In this paper, an intuitive paradigm of social…
We study the regulation of a monopolistic firm using a robust-design approach. We solve for the policy that minimizes the regulator's worst-case regret, where the regret is the difference between his complete-information payoff minus his…