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- W2951560132 abstract "We trace the developments that led to quadratic voting, from Vickrey’s counterspeculation mechanism and his second-price auction through the family of Groves mechanisms and its most notable member, the Clarke mechanism, to the expected externality mechanism, the Groves-Ledyard mechanism, and the Hylland-Zeckhauser mechanism. We show that these mechanisms are all applications of the fundamental insight that for a process to be efficient, all partiesinvolved must bear the marginal costs of their actions." @default.
- W2951560132 created "2019-06-27" @default.
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- W2951560132 date "2016-01-01" @default.
- W2951560132 modified "2023-09-23" @default.
- W2951560132 title "Efficient Collective Decision-Making, Marginal Cost Pricing, And Quadratic Voting" @default.
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- W2951560132 doi "https://doi.org/10.2139/ssrn.2836610" @default.
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