Convergence of VCG mechanism to ex-post budget balance in a model of land acquisition

We explore the effect of competition among a large number of sellers in a model of Land Acquisition. Sellers with one unit of land each are located at the nodes of a graph. Two sellers are contiguous if they are connected by an edge in the graph. The buyer realizes a positive value only if he can pu...

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Veröffentlicht in:	Mathematical social sciences 2018-05, Vol.93, p.37-46
1. Verfasser:	Sarkar, Soumendu
Format:	Artikel
Sprache:	eng
Schlagworte:	Budget surplus Competition Convergence Graph theory Land Land purchases Vendors
Online-Zugang:	Volltext
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