Thursday, November 10, 2011

11/08/11

Multi-item 2nd Prize Auction does not inherit property that truthfulness is a dominant strategy.
Multi - item  Vickery Clark Groves (VCG) Auction solves this issue of
truthfulness by determining pricing externally.  More costly approach due to remapping so most
search engines still use Multi-Item Generalized Second Price Auction. 

M.