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
Pages
5
From page
192
To page
196
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
Serial Year
2007
Journal title
Economics Letters
Record number
436135
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