Project Choice and Compromise Mechanism

Résumé

A principal has to choose a project from a set of available projects, which is known to an agent. The agent can propose a set of projects to the principal to choose from. The agent can only propose available projects, but he might hide some of them from the principal. The principal can pick one of the projects, or reject all of them. We solve for the mechanism that minimizes the principal’s worst-case regret. No Paper.