GTO2-3-05: Individual Rationality and Budget Balance in VCG
Channel: Game Theory Online
Date: 2013-12-02

In general, VCG is neither budget balanced nor individually rational.  This video from Game Theory Online (http://www.game-theory-class.org) introduces some additional assumptions under which it is possible to get individual rationality and budget balance in VCG.  It features Kevin Leyton-Brown (UBC).