The VCG-Kelly mechanism is proposed, which is obtained by composing the communication efficient, one-dimensional signaling idea of Kelly with the VCG mechanism, providing efficient allocation for strategic buyers at Nash equilibrium points. It is shown that the revenue to the seller can be maximized or minimized using a particular one-dimensional family of surrogate valuation functions.
- Divisible goods
- Mechanism design
- VCG mechanism
- VCK-Kelly mechanism
ASJC Scopus subject areas
- Computer Networks and Communications
- Electrical and Electronic Engineering