In mechanism design, the Vickrey–Clarke–Groves (VCG) mechanism is a generic truthful mechanism for achieving a socially optimal solution whenever monetary...
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Public good (section Vickrey–Clarke–Groves mechanism)
people with this services and products is the government. Vickrey–Clarke–Groves mechanisms (VCG) are one of the best-studied procedures for funding public...
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A Vickrey–Clarke–Groves (VCG) auction is a type of sealed-bid auction of multiple items. Bidders submit bids that report their valuations for the items...
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e.g. whether to build a municipal bridge. The resulting "Vickrey–Clarke–Groves" mechanism can motivate agents to choose the socially efficient allocation...
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generalization of the Vickrey auction that maintains the incentive to bid truthfully is known as the Vickrey–Clarke–Groves (VCG) mechanism. The idea in VCG...
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Implementation theory (redirect from Implementability (mechanism design))
Tenders", William Vickrey showed that if preferences are restricted to the case of quasi-linear utility functions then the mechanism dominant strategy...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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mobilization. Thirdly, once autocratization begins, weak accountability mechanisms and opposition actors enable democratic breakdown. Thus, resilient institutions...
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awarded the Nobel Prize in Economics "for having laid the foundations of mechanism design theory". Myerson's contributions include the notion of proper equilibrium...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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the classic economic mechanism, the Vickrey–Clarke–Groves auction. Noam Nisan and Amir Ronen first coined "Algorithmic mechanism design" in a research...
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choice, a selection seconded by Manhattan Project leader General Leslie Groves. However, this target was dismissed by Secretary of War Henry L. Stimson...
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"The Psychology of the Monty Hall Problem: Discovering Psychological Mechanisms for Solving a Tenacious Brain Teaser" (PDF). Journal of Experimental Psychology:...
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standard sponsored search auction mechanisms, such as the generalized second-price auction and the Vickrey–Clarke–Groves auction. Generalized second-price...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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truthful mechanism in order to induce the agents to reveal their true valuations. We compare two types of truthful mechanisms. The Vickrey–Clarke–Groves (VCG)...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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self-interest. He used this to show a possible mechanism for the evolution of altruistic behavior from mechanisms that are initially purely selfish, by natural...
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scientists: William Vickrey, Edward H. Clarke, and Theodore Groves. Together they theorized the Vickrey–Clarke–Groves mechanism (VCG mechanism). The purpose...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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(7): 58. July 2014. doi:10.1044/leader.an2.19072014.58. ISSN 1085-9586. Clarke, Harry (March 1995). "Optimal Depletion when Development Makes an Unused...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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the Vickrey–Clarke–Groves mechanism to problems of transportation congestion. This method was the subject of Nobel Prizes awarded in 2007. Clarke, Edward...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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of the crowd Proteus phenomenon War of attrition (game) Pyrrhic victory Vickrey auction Auction theory Paul Milgrom Robert B. Wilson Thaler, Richard (1988)...
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Participation constraint Revelation principle Strategyproofness Vickrey–Clarke–Groves mechanism Theorems Myerson–Satterthwaite theorem Revenue equivalence...
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