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A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by observable …
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We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility … participation and budget constraints must hold for each possible outcome, while the mechanism must be strategyproof. We identify …
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Consider the following "structured" procurement problem: A buyer wishes to procure a set of items (e.g., edges of a …
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The received characterizations of feasible interim allocations are mostly in the spirit of Border (1991): Fix a family of sets, each containing some player-types, and test the interim allocation under consideration against all these sets. In the published literature, such Border-like...
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This note establishes a revelation principle in terms of payoff for deterministic mechanisms under ex-post constraints: the maximal payoff implementable by a feasible deterministic mechanism can also be implemented by a feasible deterministic direct mechanism.
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