Information Design in Crowdfunding under Thresholding Policies

Crowdfunding has emerged as a prominent way for entrepreneurs to secure funding without sophisticated intermediation. In crowdfunding, an entrepreneur often has to decide how to disclose the campaign status in order to collect as many contributions as possible. Such decisions are difficult to make primarily due to incomplete information. We propose information design as a tool to help the entrepreneur to improve revenue by influencing backers' beliefs. We introduce a heuristic algorithm to dynamically compute information-disclosure policies for the entrepreneur, followed by an empirical evaluation to demonstrate its competitiveness over the widely-adopted immediate-disclosure policy. Our results demonstrate that the immediate-disclosure policy is not optimal when backers follow thresholding policies despite its ease of implementation. With appropriate heuristics, an entrepreneur can benefit from dynamic information disclosure. Our work sheds light on information design in a dynamic setting where agents make decisions using thresholding policies.

An Online Mechanism for Ridesharing in Autonomous Mobility-on-Demand Systems

With proper management, Autonomous Mobility-on-Demand (AMoD) systems have great potential to satisfy the transport demands of urban populations by providing safe, convenient, and affordable ridesharing services. Meanwhile, such systems can substantially decrease private car ownership and use, and thus significantly reduce traffic congestion, energy consumption, and carbon emissions. To achieve this objective, an AMoD system requires private information about the demand from passengers. However, due to self-interestedness, passengers are unlikely to cooperate with the service providers in this regard. Therefore, an online mechanism is desirable if it incentivizes passengers to truthfully report their actual demand. For the purpose of promoting ridesharing, we hereby introduce a posted-price, integrated online ridesharing mechanism (IORS) that satisfies desirable properties such as ex-post incentive compatibility, individual rationality, and budget-balance. Numerical results indicate the competitiveness of IORS compared with two benchmarks, namely the optimal assignment and an offline, auction-based mechanism.