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Ex-post optimal knapsack procurement

Meisner, Vincent; Jarman, Felix - In: Essays in microeconomic theory, (pp. 5-57). 2016

We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A project's cost is private information and its value for the designer may vary. In this allocation problem, the selection of projects - both which and how many - is endogenously...

Persistent link: https://www.econbiz.de/10011633851

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Figuring trust : the social organization of credit relations

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