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optimal allocation rule deviates from the ex post efficient allocation rule in two ways, namely by (1) allocating the good to …
Persistent link: https://www.econbiz.de/10014438989
When is a mechanism designer justified in only asking for ordinal information about preferences? Simple examples show that, even if the planner's goal (expressed by a social choice correspondence, or SCC) depends only on ordinal information, eliciting cardinal information may help with...
Persistent link: https://www.econbiz.de/10011937347
We consider the multi-object allocation problem with monetary transfers where each agent obtains at most one object … (unit-demand). We focus on allocation rules satisfying individual rationality, non-waste fulness, equal treatment of equals …
Persistent link: https://www.econbiz.de/10012303350
This study explores mechanism design with allocation-based social preferences. Agents' social preferences and private … such group can resolve any given allocation problem with an ex-post budget-balanced mechanism that is Bayesian incentive …
Persistent link: https://www.econbiz.de/10013255847
establish a revenue uniqueness result: for every dominant strategy implementable allocation rule, there is a unique payment rule …
Persistent link: https://www.econbiz.de/10011657364
A seller is selling multiple objects to a set of agents, who can buy at most one object. Each agent's preference over (object, payment) pairs need not be quasilinear. The seller considers the following desiderata for her mechanism, which she terms desirable: (1) strategy-proofness, (2) ex-post...
Persistent link: https://www.econbiz.de/10012854303
This study explores mechanism design with allocation-based social preferences. Agents’ social preferences and private … such group can resolve any given allocation problem with an ex-post budget-balanced mechanism that is Bayesian incentive …
Persistent link: https://www.econbiz.de/10013269734
is a possibility result for groups of \textit{at least three} agents: Any such group can resolve any given allocation …
Persistent link: https://www.econbiz.de/10014635255
establish a revenue uniqueness result: for every dominant strategy implementable allocation rule, there is a unique payment rule …
Persistent link: https://www.econbiz.de/10012308444
Persistent link: https://www.econbiz.de/10011872382