Abstract-The VCG-Kelly mechanism is proposed, which is obtained by composing the communication efficient, onedimensional signaling idea of Kelly with the VCG mechanism, providing efficient allocation for strategic buyers at Nash equilibrium points. It is shown that the revenue to the seller can be maximized or minimized using a particular one-dimensional family of surrogate valuation functions.
A concrete example is described in REF , in which a classical VCG mechanism is combined with one-dimensional surrogate valuation functions.
VCG-Kelly Mechanisms for Allocation of Divisible Goods: Adapting VCG Mechanisms to One-Dimensional Signals
IEEE Journal on Selected Areas in Communications
IEEE Journal on Selected Areas in Communications
Computer Science