Showing 1 - 10 of 1,001
We study multi-object auctions where agents have private and additive valuations for heterogeneous objects. We focus on the revenue properties of a class of dominant strategy mechanisms where a weight is assigned to each partition of objects. The weights influence the probability with which...
Persistent link: https://www.econbiz.de/10010334095
Persistent link: https://www.econbiz.de/10004515656
We study a notion of locally robust implementation that captures the idea that the planner may know agentsʼ beliefs well, but not perfectly. Locally robust implementation is a weaker concept than ex-post implementation, but we show that no regular allocation function is locally robust...
Persistent link: https://www.econbiz.de/10011042947
Persistent link: https://www.econbiz.de/10006747255
We study multi-object auctions where agents have private and additive valuations for heterogeneous objects. We focus on the revenue properties of a class of dominant strategy mechanisms where a weight is assigned to each partition of objects. The weights influence the probability with which...
Persistent link: https://www.econbiz.de/10005667050
Persistent link: https://www.econbiz.de/10005596791
We study multi-object auctions where agents have private and additive valuations for heterogeneous objects. We focus on the revenue properties of a class of dominant strategy mechanisms where a weight is assigned to each partition of objects. The weights influence the probability with which...
Persistent link: https://www.econbiz.de/10005785898
Persistent link: https://www.econbiz.de/10005828053
Persistent link: https://www.econbiz.de/10005708548
The sensitivity of Bayesian implementation to agents' beliefs about others suggests the use of more robust notions of implementation such as ex post implementation, which requires that each agent's strategy be optimal for every possible realization of the types of other agents. We show that the...
Persistent link: https://www.econbiz.de/10005332649