A Budget-Balanced, Incentive-Compatible Scheme for Social Choice

@inproceedings{Faltings2004ABI,
  title={A Budget-Balanced, Incentive-Compatible Scheme for Social Choice},
  author={Boi Faltings},
  booktitle={AMEC},
  year={2004}
}
Many practical scenarios involve solving a social choice problem: a group of self-interested agents have to agree on an outcome that best fits their combined preferences. We assume that each outcome presents a certain utility to an agent and that the best outcome is the one that maximizes the sum of these utilities. We call a mechanism for solving social choice problems incentive-compatible if for each agent, the behavior that maximizes its own utility is also the one that maximizes the group's… CONTINUE READING
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