| Article ID: | iaor20081042 |
| Country: | United States |
| Volume: | 55 |
| Issue: | 2 |
| Start Page Number: | 191 |
| End Page Number: | 197 |
| Publication Date: | Mar 2007 |
| Journal: | Operations Research |
| Authors: | Rothkopf Michael H. |
In theory, the mathematically elegant Vickrey–Clarke–Groves process offers perfect efficiency with dominant truth-revealing strategies. However, it has many serious practical problems. This paper describes these problems and argues that research that aims to maintain the dominant truth-revealing strategies while compromising on the other practical issues is of limited practical value.