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To guarantee all agents are matched in general, the classic Deferred Acceptance algorithm needs complete preference lists. In practice, preference lists are short, yet stable matching still works well. This raises two questions: Why does it work well? Which proposals should agents include in their preference lists? We study these questions in a model, introduced by Lee, with preferences based on correlated cardinal utilities: these utilities are based on common public ratings of each agent together with individual private adjustments. Lee showed that for suitable utility functions, in large markets, with high probability, for most agents, all stable matchings yield similar valued utilities. By means of a new analysis, we strengthen Lee's result, showing that in large markets, with high probability, for all but the agents with the lowest public ratings, all stable matchings yield similar valued utilities. We can then deduce that for all but the agents with the lowest public ratings, each agent has an easily identified length O(log n) preference list that includes all of its stable matches, addressing the second question above. We note that this identification uses an initial communication phase. We extend these results to settings where the two sides have unequal numbers of agents, to many-to-one settings, e.g. employers and workers, and we also show the existence of an epsilon-Bayes-Nash equilibrium in which every agent makes relatively few proposals. These results all rely on a new technique for sidestepping the conditioning between the tentative matching events that occur over the course of a run of the Deferred Acceptance algorithm. We complement these theoretical results with an experimental study. 

Mechanisms with money are commonly designed under the assumption that agents are quasi-linear, meaning they have linear disutility for spending money. We study the implications when agents with non-linear (specifically, convex) disutility for payments participate in mechanisms designed for quasi-linear agents. We first show that any mechanism that is truthful for quasi-linear buyers has a simple best response function for buyers with non-linear disutility from payments, in which each bidder simply scales down her value for each potential outcome by a fixed factor, equal to her target return on investment (ROI). We call such a strategy ROI-optimal. We prove the existence of a Nash equilibrium in which agents use ROI-optimal strategies for a general class of allocation problems. Motivated by online marketplaces, we then focus on simultaneous second-price auctions for additive bidders and show that all ROI-optimal equilibria in this setting achieve constant-factor approximations to suitable welfare and revenue benchmarks. 

We seek tight bounds on the viable parallelism in asynchronous implementations of coordinate descent that achieves linear speedup. We focus on asynchronous coordinate descent (ACD) algorithms on convex functions which consist of the sum of a smooth convex part and a possibly non-smooth separable convex part. We quantify the shortfall in progress compared to the standard sequential stochastic gradient descent. This leads to a simple yet tight analysis of the standard stochastic ACD in a partially asynchronous environment, generalizing and improving the bounds in prior work. We also give a considerably more involved analysis for general asynchronous environments in which the only constraint is that each update can overlap with at most q others. The new lower bound on the maximum degree of parallelism attaining linear speedup is tight and improves the best prior bound almost quadratically. 

We revisit the well-studied problem of designing mechanisms for one-sided matching markets, where a set of n agents needs to be matched to a set of n heterogeneous items. Each agent i has a value vij for each item j, and these values are private information that the agents may misreport if doing so leads to a preferred outcome. Ensuring that the agents have no incentive to misreport requires a careful design of the matching mechanism, and mechanisms proposed in the literature mitigate this issue by eliciting only the ordinal preferences of the agents, i.e., their ranking of the items from most to least preferred. However, the efficiency guarantees of these mechanisms are based only on weak measures that are oblivious to the underlying values. In this paper we achieve stronger performance guarantees by introducing a mechanism that truthfully elicits the full cardinal preferences of the agents, i.e., all of the vij values. We evaluate the performance of this mechanism using the much more demanding Nash bargaining solution as a benchmark, and we prove that our mechanism significantly outperforms all ordinal mechanisms (even non-truthful ones). To prove our approximation bounds, we also study the population monotonicity of the Nash bargaining solution in the context of matching markets, providing both upper and lower bounds which are of independent interest.