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Persistent link: https://www.econbiz.de/10002721586
This paper provides a characterization of dominant strategy mechanisms with quasi-linear utilities and multi-dimensional types for a variety of preference domains. These characterizations are in terms of a monotonicity property on the underlying allocation rule. -- Dominant Strategy ; Farkas...
Persistent link: https://www.econbiz.de/10003779197
Persistent link: https://www.econbiz.de/10002469513
This paper provides a characterization of dominant strategy mechanisms with quasi-linear utilities and multi-dimensional types for a variety of preference domains. These characterizations are in terms of a monotonicity property on the underlying allocation rule.
Persistent link: https://www.econbiz.de/10010266266
An absorbing game is a repeated game where some of the action combinations are absorbing, in the sense that whenever they are played, there is a positive probability that the game terminates, and the players receive some terminal payoff at every future stage. We prove that every n-player...
Persistent link: https://www.econbiz.de/10005588254
We consider an environment with a single divisible good and two bidders. The valuations of the bidders are private information but one bidder has a commonly known budget constraint. For this environment we derive the revenue maximizing subsidy free incentive compatible auction. We also examine...
Persistent link: https://www.econbiz.de/10005588656
This paper highlights connections between the discrete and continuous approaches to optimal auction design with single and multi-dimensional types. We provide an interpretaion of an optimal auction design problem in terms of a linear program that is an instance of a parametric shortest path...
Persistent link: https://www.econbiz.de/10005824436
Persistent link: https://www.econbiz.de/10005824654
This paper provides a characterization of dominant strategy mechanisms with quasi-linear utilities and multi-dimensional types for a variety of preference domains. These characterizations are in terms of a monotonicity property on the underlying allocation rule.
Persistent link: https://www.econbiz.de/10005305006
Persistent link: https://www.econbiz.de/10001398886