方法证据记录
VCG Mechanism
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.
源记录
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Vickrey-Clarke-Groves Mechanism
分类方法记录 · ml-model / game-theory
- Vickrey, W. (1961). Counterspeculation, auctions, and competitive sealed bids. The Journal of Finance, 16(1), 8-37. · DOI 10.1111/j.1540-6261.1961.tb02789.x
- Clarke, E. H. (1971). Multipart pricing of public goods. Public Choice, 11(1), 17-33. · DOI 10.1007/BF01726210
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