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The participatory Vickrey-Clarke-Groves mechanism
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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Yoon, Kiho | - |
| dc.date.accessioned | 2021-09-09T11:38:28Z | - |
| dc.date.available | 2021-09-09T11:38:28Z | - |
| dc.date.created | 2021-06-15 | - |
| dc.date.issued | 2008-02 | - |
| dc.identifier.issn | 0304-4068 | - |
| dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/124161 | - |
| dc.description.abstract | This paper introduces the participatory Vickrey-Clarke-Groves mechanism, which satisfies both ex-ante budget balance and interim individual rationality. We bound the efficiency loss of this mechanism by a parameter that captures the structure of marginal contributions to the social welfare. We then apply the theory to quite general multiple unit double auction problems to show that the participatory VCG mechanism achieves asymptotic efficiency. (C) 2007 Elsevier B.V. All rights reserved. | - |
| dc.language | English | - |
| dc.language.iso | en | - |
| dc.publisher | ELSEVIER SCIENCE SA | - |
| dc.subject | SIMPLE MARKET | - |
| dc.subject | TRADING MECHANISMS | - |
| dc.subject | DOUBLE AUCTION | - |
| dc.subject | EFFICIENCY | - |
| dc.title | The participatory Vickrey-Clarke-Groves mechanism | - |
| dc.type | Article | - |
| dc.contributor.affiliatedAuthor | Yoon, Kiho | - |
| dc.identifier.doi | 10.1016/j.jmateco.2007.05.009 | - |
| dc.identifier.scopusid | 2-s2.0-38149052246 | - |
| dc.identifier.wosid | 000253179400006 | - |
| dc.identifier.bibliographicCitation | JOURNAL OF MATHEMATICAL ECONOMICS, v.44, no.3-4, pp.324 - 336 | - |
| dc.relation.isPartOf | JOURNAL OF MATHEMATICAL ECONOMICS | - |
| dc.citation.title | JOURNAL OF MATHEMATICAL ECONOMICS | - |
| dc.citation.volume | 44 | - |
| dc.citation.number | 3-4 | - |
| dc.citation.startPage | 324 | - |
| dc.citation.endPage | 336 | - |
| dc.type.rims | ART | - |
| dc.type.docType | Article | - |
| dc.description.journalClass | 1 | - |
| dc.description.journalRegisteredClass | scie | - |
| dc.description.journalRegisteredClass | scopus | - |
| dc.relation.journalResearchArea | Business & Economics | - |
| dc.relation.journalResearchArea | Mathematics | - |
| dc.relation.journalResearchArea | Mathematical Methods In Social Sciences | - |
| dc.relation.journalWebOfScienceCategory | Economics | - |
| dc.relation.journalWebOfScienceCategory | Mathematics, Interdisciplinary Applications | - |
| dc.relation.journalWebOfScienceCategory | Social Sciences, Mathematical Methods | - |
| dc.subject.keywordPlus | SIMPLE MARKET | - |
| dc.subject.keywordPlus | TRADING MECHANISMS | - |
| dc.subject.keywordPlus | DOUBLE AUCTION | - |
| dc.subject.keywordPlus | EFFICIENCY | - |
| dc.subject.keywordAuthor | Vickrey-Clarke-Groves mechanism | - |
| dc.subject.keywordAuthor | double auction | - |
| dc.subject.keywordAuthor | participation fees | - |
| dc.subject.keywordAuthor | asymptotic efficiency | - |
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