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We analyze a model of network formation where the costs of forming links are publicly known but an individual's benefits are not know to the social planner. The objective is to design a mechanism which not only ensures that an efficient network always forms in equilibrium but also ensures that...
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We characterize all anonymous VCG mechanisms by using queue efficiency, strategyproofness and equal treatment of equals. By additionally imposing independence axioms, introduced by Chun (2006a) and Maniquet (2003), we characterize the pivotal and the reward-based pivotal mechanisms in the class...
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We investigate the implications of egalitarian equivalence (Pazner and Schmeidler in Q J Econ 92:671–687, <CitationRef CitationID="CR31">1978</CitationRef>) together with queue efficiency and strategyproofness in the context of queueing problems. We completely characterize the class of mechanisms satisfying the three requirements. Though...</citationref>
Persistent link: https://www.econbiz.de/10010993550
We analyze a model of network formation where the costs of forming links are publicly known but an individual's benefits are not known to the social planner. The objective is to design a mechanism which not only ensures that an efficient network always forms in equilibrium but also ensures that...
Persistent link: https://www.econbiz.de/10005008414
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