# An Efficient and Truthful Pricing Mechanism for Team Formation in Crowdsourcing Markets

## TL;DR

This paper introduces TruTeam, an efficient and truthful pricing mechanism for forming teams in crowdsourcing markets, ensuring incentive compatibility and computational efficiency.

## Contribution

The paper proposes four incentive mechanisms for team formation, highlighting TruTeam as the most effective due to its efficiency and truthfulness.

## Key findings

- TruTeam is computationally efficient.
- TruTeam ensures truthful bidding.
- Simulations confirm TruTeam's effectiveness.

## 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.