Collusive Dominant-Strategy Truthfulness
Fifty years ago, Vickrey published his famous mechanism for auctioning a single good in limited supply. The main property of Vickrey's mechanism is efficiency in dominant strategies. In absence of collusion, this is a wonderful efficiency guarantee. We note, however, that collusion is far from...
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2011
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| Online Access: | http://hdl.handle.net/1721.1/62301 |