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Lecture Notes in Computer Science
The VCG mechanism has many nice properties, and can be applied to a wide range of social decision problems. One problem of the VCG mechanism is that even though it is efficient, its social welfare (agents' total utility considering payments) can be low due to high VCG payments. VCG redistribution mechanisms aim to resolve this by redistributing the VCG payments back to the agents. Competitive VCG redistribution mechanisms have been found for various resource allocation settings. However, theredoi:10.1007/978-3-319-44832-9_17 fatcat:2i4f5erk55b57onwtz7jgfl3qe