Dash, Rajdeep K; Giovannucci, Andrea; Jennings, Nicholas R. - Department of Economics, University of Warwick - 2008
Vickrey-Clarke-Groves (VCG) mechanisms are often used to allocate tasks to selfish and rational agents. VCG mechanisms are incentive-compatible, direct mechanisms that are efficient (i.e. maximise social utility) and individually rational (i.e. agents prefer to join rather than opt out)....
