Lecture 5.2: AGV Mechanism (Mechanism Design)
Channel: economification
Date: 06/10/2020

Lecture 5.2: AGV Mechanism
Mechanism Design course (Masters in Economics, UCPH, Fall 2020)

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Full course playlist: https://www.youtube.com/playlist?list=PL4pUs4P_j1WasI0kO99OgNNd_hJwpct4D
Course files (lecture notes, problem sets) available at: https://starkov.site/teaching.html

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Stock footage from Videezy.com
Thumbnail uses photo by ThisIsEngineering from Pexels.com

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0:00 introducing the AGV mechanism
6:05 AGV mechanism properties
8:55 proof: budget balance
13:03 proof: BIC
20:23 bonus: budget balance equivalence