Postlewaite, Andrew; McLean, Richard - In: Theoretical Economics 10 (2015) 3, pp. 923-952
It is well-known that the ability of the Vickrey-Clarke-Groves (VCG) mechanism to implement efficient outcomes for private value choice problems does not extend to interdependent value problems. When an agent's type affects other agents' utilities, it may not be incentive compatible for him to...