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Firms and statistical agencies must protect the privacy of the individuals whose data they collect, analyze, and publish. Increasingly, these organizations do so by using publication mechanisms that satisfy differential privacy. We consider…

Theoretical Economics · Economics 2024-07-04 Ian M. Schmutte , Nathan Yoder

This paper introduces a differentially private mechanism to protect the information exchanged during the coordination of the sequential market-clearing of electricity and natural gas systems. The coordination between these sequential and…

Systems and Control · Electrical Eng. & Systems 2019-11-25 Ferdinando Fioretto , Lesia Mitridati , Pascal Van Hentenryck

Prior work has investigated variations of prediction markets that preserve participants' (differential) privacy, which formed the basis of useful mechanisms for purchasing data for machine learning objectives. Such markets required…

Computer Science and Game Theory · Computer Science 2018-10-30 Rafael Frongillo , Bo Waggoner

To prevent implicit privacy disclosure in sharing gradients among data owners (DOs) under federated learning (FL), differential privacy (DP) and its variants have become a common practice to offer formal privacy guarantees with low…

Computer Science and Game Theory · Computer Science 2023-02-16 Yuntao Wang , Zhou Su , Yanghe Pan , Abderrahim Benslimane , Yiliang Liu , Tom H. Luan , Ruidong Li

Very recently, we are witnessing the emergence of a number of start-ups that enables individuals to sell their private data directly to brokers and businesses. While this new paradigm may shift the balance of power between individuals and…

Cryptography and Security · Computer Science 2017-01-04 Javier Parra-Arnau

Constant function market makers (CFMMs) are the most popular type of decentralized trading venue for cryptocurrency tokens. In this paper, we give a very general geometric framework (or 'axioms') which encompass and generalize many of the…

Optimization and Control · Mathematics 2023-08-17 Guillermo Angeris , Tarun Chitra , Theo Diamandis , Alex Evans , Kshitij Kulkarni

Suppliers (including companies and individual prosumers) may wish to protect their private information when selling items they have in stock. A market is envisaged where private information can be protected through the use of differential…

Cryptography and Security · Computer Science 2015-09-23 Maurizio Naldi , Giuseppe D'Acquisto

For preserving privacy, blockchains can be equipped with dedicated mechanisms to anonymize participants. However, these mechanism often take only the abstraction layer of blockchains into account whereas observations of the underlying…

Networking and Internet Architecture · Computer Science 2018-07-31 David Mödinger , Henning Kopp , Frank Kargl , Franz J. Hauck

There is a growing trend regarding perceiving personal data as a commodity. Existing studies have built frameworks and theories about how to determine an arbitrage-free price of a given query according to the privacy loss quantified by…

Cryptography and Security · Computer Science 2021-11-24 Shuyuan Zheng , Yang Cao , Masatoshi Yoshikawa

The global trend of energy deregulation has led to the market mechanism replacing some functionality of load frequency control (LFC). Accordingly, information exchange among participating generators and the market operator plays a crucial…

Systems and Control · Electrical Eng. & Systems 2023-04-13 Jihoon Suh , Takashi Tanaka

Recent work has constructed economic mechanisms that are both truthful and differentially private. In these mechanisms, privacy is treated separately from the truthfulness; it is not incorporated in players' utility functions (and doing so…

Computer Science and Game Theory · Computer Science 2012-11-14 Yiling Chen , Stephen Chong , Ian A. Kash , Tal Moran , Salil Vadhan

In many practical applications of differential privacy, practitioners seek to provide the best privacy guarantees subject to a target level of accuracy. A recent line of work by Ligett et al. '17 and Whitehouse et al. '22 has developed such…

Cryptography and Security · Computer Science 2023-12-07 Ryan Rogers , Gennady Samorodnitsky , Zhiwei Steven Wu , Aaditya Ramdas

We study decentralized markets for goods whose utility perishes in time, with compute as a primary motivation. Recent advances in reproducible and verifiable execution allow jobs to pause, verify, and resume across heterogeneous hardware,…

Theoretical Economics · Economics 2025-11-21 Chengqi Zang , Gabriel P. Andrade , Oğuzhan Ersoy

We suggest a framework to determine optimal trading fees for constant function market makers (CFMMs) in order to maximize liquidity provider returns. In a setting of multiple competing liquidity pools, we show that no race to the bottom…

Computer Science and Game Theory · Computer Science 2023-10-30 Robin Fritsch , Roger Wattenhofer

Privacy is an essential issue in data trading markets. This work uses a mechanism design approach to study the optimal market model to economize the value of privacy of personal data, using differential privacy. The buyer uses a finite…

Computer Science and Game Theory · Computer Science 2021-12-24 Tao Zhang , Quanyan Zhu

The worldwide adoption of machine learning (ML) and deep learning models, particularly in critical sectors, such as healthcare and finance, presents substantial challenges in maintaining individual privacy and fairness. These two elements…

Machine Learning · Computer Science 2024-04-16 Mengmeng Yang , Ming Ding , Youyang Qu , Wei Ni , David Smith , Thierry Rakotoarivelo

We develop formal privacy mechanisms for releasing statistics from data with many outlying values, such as income data. These mechanisms ensure that a per-record differential privacy guarantee degrades slowly in the protected records'…

Cryptography and Security · Computer Science 2025-05-05 Brian Finley , Anthony M Caruso , Justin C Doty , Ashwin Machanavajjhala , Mikaela R Meyer , David Pujol , William Sexton , Zachary Terner

We initiate the study of markets for private data, though the lens of differential privacy. Although the purchase and sale of private data has already begun on a large scale, a theory of privacy as a commodity is missing. In this paper, we…

Computer Science and Game Theory · Computer Science 2011-11-30 Arpita Ghosh , Aaron Roth

Automated market makers (AMMs) are a new prototype of decentralised exchanges which are revolutionising market interactions. The majority of AMMs are constant product markets (CPMs) where exchange rates are set by a trading function. This…

Trading and Market Microstructure · Quantitative Finance 2025-06-19 Álvaro Cartea , Fayçal Drissi , Marcello Monga

Batch auctions are a classical market microstructure, acclaimed for their fairness properties, and have received renewed interest in the context of blockchain-based financial systems. Constant function market makers (CFMMs) are another…

Computer Science and Game Theory · Computer Science 2024-06-24 Geoffrey Ramseyer , Mohak Goyal , Ashish Goel , David Mazières