Invited Talk: Boi Faltings

Boi Faltings Artificial Intelligence Laboratory School of Computer and Communication Sciences Swiss Federal Institute of Technology Switzerland

Budget-Balance in Social Choice

Known general mechanisms for incentive-compatible social choice such as the Clarke tax generate budget surplus. While game theory stipulates that such surplus must be wasted, in practice it is usually given to an interested party, thus creating incentives for manipulation. The talk will discuss possibilities for achieving budget-balance in social choice mechanisms.