In many settings, the objective is to maximize the sum of the agents' utilities (taking payments into account). However, the VCG mechanism is not strongly budget balanced: in general, value flows out of the system of agents in the form of VCG payments, which reduces the agents' utilities. Better redistribution with inefficient allocation in multi-unit auctions Author: Guo, Mingyu Conitzer, Vincentįor the problem of allocating one or more items among a group of competing agents, the Vickrey-Clarke-Groves (VCG) mechanism is strategy-proof and efficient.
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