Crémer, Jacques; Spiegel, Yossi; Zheng, Charles Zhoucheng - Iowa State University of Science and Technology <Ames, … - 2007
buyersshould be asked to bid. In addition, these mechanisms must induce the bidders toacquire information about their valuations … and to reveal this information truthfully.Using a generalized Groves principle, we prove a very general “full extraction … information and could have observed directly theirvaluations once they are informed. We also present appealing implementations …