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Mechanism design uses the tools of economics and game theory to design rules of interaction for economic transactions that will,in principle, yield some de- sired outcome. In the last few years this field has received much interest of researchers in computer science, especially with the Internet developing as a platform for communications and connections among enormous numbers of computers and humans. Arguably the most positive result in mechanism de- sign is truthful and there are only one general truthful mechanisms so far : the generalized Vickrey-Clarke-Groves (VCG) mechanism. But VCG mecha- nism has one shortage: The implementation of truthfulness is on the cost of decreasing the revenue of the mechanism. (e.g., Ning Chen and Hong Zhu. [1999]). We introduce three new characters of mechanism:partly truthful, criti- cal, consistent, and introduce a new mechanism: X mechanism that satisfy the above three characters. Like VCG mechanism, X mechanism also generalizes from Vickery Auction and is consistent with Vickery auction in many ways, but the extended methods used in X mechanism is different from that in VCG mechanism . This paper will demonstrate that X mechanism better than V

Author

Meng, Jiangtao

Published

2005

Language

EN