Li, Yunan - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 3, pp. 1139-1194
A principal distributes an indivisible good to budget‐constrained agents when both valuation and budget are agents' private information. The principal can verify an agent's budget at a cost. The welfare‐maximizing mechanism can be implemented via a two‐stage scheme. First, agents report...