Kesternich, Martin; Lange, Andreas; Sturm, Bodo - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
endowment heterogeneity and compare them to a VCM, distinguishing between a random- and an effort-based allocation of endowments … efficiency levels, even though endowment heterogeneity substantially limits the ability of rule-based mechanisms to achieve the …