Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10005058332
Persistent link: https://www.econbiz.de/10005159837
Subsidy-free VCG mechanisms assign p identical objects to n agents. The efficiency loss is the largest ratio of budget surplus to efficient surplus, over all profiles of non-negative valuations. The smallest efficiency loss satisfies . If is bounded away from , converges to zero exponentially in...
Persistent link: https://www.econbiz.de/10005153694
Agents with single-peaked preferences share a resource coming from different suppliers; each agent is connected to only a subset of suppliers. Examples include workload balancing, sharing earmarked funds, and rationing utilities after a storm.
Persistent link: https://www.econbiz.de/10011042928