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arxiv: 0705.2170 · v1 · pith:TGJGVEVZnew · submitted 2007-05-15 · 💻 cs.GT

Sequential mechanism design

classification 💻 cs.GT
keywords mechanismdominantsequentialclarkeconcernedcustomarydesignexamples
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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.

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