Efficient collective decision-making, marginal cost pricing, and quadratic voting
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DOI: 10.1007/s11127-017-0411-6
Abstract: We discuss the mechanisms related to quadratic voting, from Vickrey’s counter-speculation mechanism and his second-price auction, through the family of Groves mechanisms and its most notable member, the Clarke mechanism, to the expected externality mechanism,… read more here.
Keywords: mechanism; collective decision; decision making; quadratic voting ... See more keywords
The relationship between the normalized gradient addition mechanism and quadratic voting
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DOI: 10.1007/s11127-017-0414-3
Abstract: Quadratic voting and the normalized gradient addition mechanism are both social choice mechanisms that confront individuals with quadratic budget constraints, but they are applicable in different contexts. Adapting one or both to apply to the… read more here.
Keywords: voting; gradient addition; addition mechanism; normalized gradient ... See more keywords