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Article
An Efficient and Truthful Pricing Mechanism for Team Formation in Crowdsourcing Markets
Proceedings of the IEEE International Conference on Communications (2015, London, United Kingdom)
  • Q. Liu
  • Tony Tie Luo, Missouri University of Science and Technology
  • R. Tang
  • S. Bressan
Abstract

In a crowdsourcing market, a requester is looking to form a team of workers to perform a complex task that requires a variety of skills. Candidate workers advertise their certified skills and bid prices for their participation. We design four incentive mechanisms for selecting workers to form a valid team (that can complete the task) and determining each individual worker's payment. We examine profitability, individual rationality, computational efficiency, and truthfulness for each of the four mechanisms. Our analysis shows that TruTeam, one of the four mechanisms, is superior to the others, particularly due to its computational efficiency and truthfulness. Our extensive simulations confirm the analysis and demonstrate that TruTeam is an efficient and truthful pricing mechanism for team formation in crowdsourcing markets.

Meeting Name
IEEE International Conference on Communications, ICC 2015 (2015: Jun. 8-12, London, United Kingdom)
Department(s)
Computer Science
International Standard Book Number (ISBN)
978-146736432-4
Document Type
Article - Conference proceedings
Document Version
Citation
File Type
text
Language(s)
English
Rights
© 2015 Institute of Electrical and Electronics Engineers (IEEE), All rights reserved.
Publication Date
6-1-2015
Publication Date
01 Jun 2015
Disciplines
Citation Information
Q. Liu, Tony Tie Luo, R. Tang and S. Bressan. "An Efficient and Truthful Pricing Mechanism for Team Formation in Crowdsourcing Markets" Proceedings of the IEEE International Conference on Communications (2015, London, United Kingdom) (2015) p. 567 - 572 ISSN: 1550-3607
Available at: http://works.bepress.com/tony-luo/4/