Grossman, Zachary; Pincus, Jonathan; Shapiro, Perry - Department of Economics, University of California-Santa … - 2010
we call the Strong Pareto (SP) mechanism, utilizes a second-price auction among interested buyers, with a reserve …'s offer. It may also internalize local externalities. While the SP mechanism only approves efficient sales, efficiency is not … expected outcome of the SP mechanism with two alternatives: a plurality mechanism based on SP, but with a lower reserve that is …