![SOLVED: Vickrey-Clarke-Groves Mechanism: Consider a town with N residents. The town has been selected to receive either a new swimming pool (S) or a new bridge (B) and must decide which it SOLVED: Vickrey-Clarke-Groves Mechanism: Consider a town with N residents. The town has been selected to receive either a new swimming pool (S) or a new bridge (B) and must decide which it](https://cdn.numerade.com/ask_images/ee7d001355fb4bfa86554ccdcebd169c.jpg)
SOLVED: Vickrey-Clarke-Groves Mechanism: Consider a town with N residents. The town has been selected to receive either a new swimming pool (S) or a new bridge (B) and must decide which it
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Thiago Serra (@thserra@sigmoid.social) on Twitter: "Sandholm describes the Vickrey-Clarke-Groves (VCG) mechanism as a means to maximizing social welfare by making each winner pay for the welfare impact when compared to that bidder
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