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This paper studies the question of how to overcome inefficiencies due to hidden actions in a rational milieu, such as a grid computing system with open clientele. We consider the so-called principal-agent model known from economic theory, where the members (or agents) of a distributed system collaborate in complex ways. We adopt the perspective of the principal and investigate auditing mechanisms...
It is well-known that the overall efficiency of a distributed system can suffer if the participating entities seek to maximize their individual performance. Consequently, mechanisms have been designed that force the participants to behave more cooperatively. Most of these game-theoretic solutions rely on payments between participants. Unfortunately, such payments are often cumbersome to implement...
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