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Informational incentives for congestion games

Authors: Hamidreza Tavafoghi; Demosthenis Teneketzis;

Informational incentives for congestion games

Abstract

We investigate the problems of designing public and private information disclosure mechanisms by a principal in a transportation network so as to improve the overall congestion. We show that perfect disclosure of information about the routes' conditions is not optimal. The principal can improve the congestion (i.e. social welfare) by providing coordinated routing recommendation to drivers based on the routes' conditions. When the uncertainty about the routes' conditions is high relative to the ex-ante difference in the routes' conditions (the value of information is high), we show that the socially efficient routing outcome is achievable using a private information disclosure mechanism. Furthermore, we study the problem of optimal dynamic private information disclosure mechanism design in a dynamic two-time step setting. We consider different pieces of information that drivers may observe and learn from at t = 1 and investigate qualitative properties of an optimal dynamic information disclosure mechanisms using numerical simulations.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
31
Top 10%
Top 10%
Top 10%
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