Showing 601 - 610 of 647
Persistent link: https://www.econbiz.de/10010539224
Persistent link: https://www.econbiz.de/10010543072
We study the welfare maximizing assignment of several heterogeneous, commonly ranked objects to impatient agents with privately known characteristics who arrive sequentially according to a Poisson or renewal process. There is a deadline after which no more objects can be allocated. We first show...
Persistent link: https://www.econbiz.de/10008565466
We study an allocation problem where a set of objects needs to be allocated to agents arriving over time. The basic model is of the private, independent values type. The dynamically efficient allocation is implementable if the distribution of agents' values is known. Whereas lack of knowledge...
Persistent link: https://www.econbiz.de/10008574573
We consider a standard social choice environment with linear utility and one-dimensional types. We show by counterexample that, when there are at least three physical alternatives, Bayes-Nash Incentive Compatibility (BIC) and Dominant Strategy Incentive Compatibility (DIC) need no longer be...
Persistent link: https://www.econbiz.de/10008836351
Persistent link: https://www.econbiz.de/10009149481
A committee decides by unanimity whether to accept the current alternative, or to continue costly search. Alternatives are described by several distinct attributes. Each committee member privately assesses the quality of one attribute (her \
Persistent link: https://www.econbiz.de/10008695009
A committee decides by unanimity whether to accept the current alternative, or to continue costly search. Each alternative is described by a vector of distinct attributes, and each committee member can privately assess the quality of one attribute (her "specialty"). Preferences are heterogeneous...
Persistent link: https://www.econbiz.de/10010691958
Persistent link: https://www.econbiz.de/10010692332
We study dominant strategy incentive compatible (DIC) and deterministic mechanisms in a social choice setting with several alternatives. The agents are privately informed about their preferences, and have single-crossing utility functions. Monetary transfers are not feasible. We use an...
Persistent link: https://www.econbiz.de/10010699427