Almost budget-balanced VCG mechanisms to assign multiple objects

A-Tier
Journal: Journal of Economic Theory
Year: 2009
Volume: 144
Issue: 1
Pages: 96-119

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Subsidy-free VCG mechanisms assign p identical objects to n agents. The efficiency loss is the largest ratio of budget surplus to efficient surplus, over all profiles of non-negative valuations. The smallest efficiency loss satisfies . If is bounded away from , converges to zero exponentially in n. Participation is voluntary in the optimal mechanism achieving if p=1, but not if p[greater-or-equal, slanted]2. Among voluntary mechanisms, the optimal efficiency loss is not significantly larger than if . But it does not converge to zero in n if .

Technical Details

RePEc Handle
repec:eee:jetheo:v:144:y:2009:i:1:p:96-119
Journal Field
Theory
Author Count
1
Added to Database
2026-01-26