Sequential mechanism design
Computer Science and Game Theory
2016-08-14 v1
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.
Cite
@article{arxiv.0705.2170,
title = {Sequential mechanism design},
author = {Krzysztof R. Apt and Arantza Estévez-Fernández},
journal= {arXiv preprint arXiv:0705.2170},
year = {2016}
}