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REPORTS > KEYWORD > INCENTIVE COMPATIBILITY:
Reports tagged with incentive compatibility:
TR06-074 | 24th April 2006
Shahar Dobzinski, Noam Nisan

Approximations by Computationally-Efficient VCG-Based Mechanisms

We consider computationally-efficient incentive-compatible
mechanisms that use the VCG payment scheme, and study how well they
can approximate the social welfare in auction settings. We obtain a
$2$-approximation for multi-unit auctions, and show that this is
best possible, even though from a purely computational perspective
an FPTAS exists. For combinatorial ... more >>>




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