Chassang, Sylvain; Kapon, Samuel - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 3, pp. 1109-1143
A principal seeks to efficiently allocate a productive public resource to a number of possible users. Vickrey–Clarke–Groves (VCG) mechanisms provide a detail-free way to do so provided users have deep pockets. In practice however, users may have limited resources. We study a dynamic...