74 citations · 144 across the 12 of their papers we have counts for
4 papers · 1 filter
Welfarist Control Design -- How to fulfill the societal mandate in multi-agent control?
Sophie Hall, Kai Zhang, Ilia Shilov +2
At the core of most socio-technical systems lies a scarce resource that is allocated among agents: highway lanes, public transit, road space, water rights, energy access, grid capa…
Invariant Price of Anarchy and Multiplicative Smoothness
Ilia Shilov, Heinrich H. Nax, Saverio Bolognani
The Price of Anarchy (PoA) is a popular measure of the costs of decentralization in terms of efficiency losses. Almost all PoA analyses operate within a framework assuming both Car…
An `Inverse' Experimental Framework to Estimate Market Efficiency
Thomas Asikis, Heinrich H. Nax
Digital marketplaces processing billions of dollars annually represent critical infrastructure in sociotechnical ecosystems, yet their performance optimization lacks principled mea…
Minimizing Volatility: Optimal Adjustment with Evolving Feasibility Constraints
Simon Jantschgi, Heinrich H. Nax, Bary S. R. Pradelski +1
Minimizing volatility and adjustment costs is of central importance in many economic environments, yet it is often complicated by evolving feasibility constraints. We study a decis…