Efficient Mechanism Design

摘要: We study Bayesian mechanism design in situations where agents’ information may be multi-dimensional, concentrating on mechanisms that lead to efficient allocations. Our main result is a generalization of the well-known Vickrey-Clarke-Groves maximizes planner’s “revenue” among all mechanisms. This then used multiple object auctions bidders have privately known “demand curves” and extended include with complementarities across objects or externalities bidders. also illustrate how analyze possibility allocating both private public goods efÞciently when budget balance considerations are important. The generalized VCG mechanism, therefore, serves unify many results mechansim theory.