Year: 2007
Type: preprint
Abstract: In the customary VCG (Vickrey-Clarke-Groves) mechanism truth-telling is a dominant strategy. In this paper we study the sequential VCG mechanism and show that other dominant strategies may then exist. We illustrate how this fact can be used to minimize taxes using examples concerned with Clarke tax and public projects.
Source: arXiv (Cornell University)
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1908351814