When the benchmarkmodel do not set up such as one of the four basic assumptions do not set up, VCG is not an effective mechanism.
当基准点模型不成立时,即四个基本假设中有一个不成立时,有效的VCG机制就不成立。
2
The setting optimal reserve price in auctions mechanism that maximizes the auctioneer 's expected revenue is discussed based on the BenchmarkModel.
在基准模型中,讨论了拍卖商期望收益最大化的最优保留价设置问题。
3
In the second chapter, based on Game Theory and the seven suppose in the BenchmarkModel, the bidding strategy of the bidder in the four standard auction is elaborated.