Uporedite metode

	VCG mehanizam	Model principal-agent
Oblast	Teorija igara	Teorija igara
Porodica	Machine learning	Machine learning
Godina nastanka	1961	1976
Tvorac	William Vickrey, Edward Clarke, Theodore Groves	Michael Jensen, William Meckling, Bengt Holmstrom
Tip	algorithm	algorithm
Temeljni izvor	Vickrey, W. (1961). Counterspeculation, auctions, and competitive sealed bids. The Journal of Finance, 16(1), 8-37.	Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.
Drugi nazivi	Vickrey Mechanism, Generalized Vickrey Auction, Truthful Mechanism	Agency Theory, Hidden Action Problem, Moral Hazard
Srodne	4	4
Sažetak	The Vickrey-Clarke-Groves (VCG) Mechanism is a truthful mechanism design solution that allocates resources and determines payments to incentivize participants to reveal their true valuations. Building on William Vickrey's 1961 sealed-bid auction work and extended by Clarke and Groves, VCG ensures that reporting truth is a dominant strategy for all participants, achieving allocative efficiency while maximizing total surplus.	The Principal-Agent Model analyzes how a principal (e.g., owner, employer, policymaker) can incentivize an agent (e.g., manager, employee, firm) to act in the principal's interest when the agent has private information or can take hidden actions. Formalized by Jensen and Meckling in 1976, the model identifies agency costs arising from moral hazard (the agent exerts less effort than desired) and adverse selection (the agent hides unfavorable information). Optimal contracts balance incentives with risk allocation.