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Achieving budget-balance with Vickrey-based payment schemes in exchanges
IJCAI, pp.1161-1168, (2001)
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Generalized Vickrey mechanisms have received wide attention in the literature because they are efficient and strategy-proof, i.e. truthful bidding is optimal whatever the bids of other agents. However it is well-known that it is impossible for an exchange, with multiple buyers and sellers, to be efficient and budget-balanced, even putting...更多
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