Title of article :
VCG mechanisms and efficient ex ante investments with externalities
Author/Authors :
Daniel Kr?hmer، نويسنده , , Roland Strausz، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2007
Abstract :
For mechanism design with independent values, we identify a subclass of Vickrey–Clarke–Groves (VCG) mechanisms that induce efficient ex ante investments even with externalities. The Vickrey second price auction does not belong to this class.
Keywords :
externalities , Ex ante investments , Mechanism design , Second price auction , Efficient mechanisms
Journal title :
Economics Letters
Journal title :
Economics Letters
