The paper introduces the assumption of costly information acquisition to the theory of mechanism design for matching … allocation problems. It is shown that the assumption of endogenous information acquisition greatly changes some of the cherished … results in that theory: in particular, the first-best might not be implementable. Moreover, it might not even be possible to …

acquisition into otherwise standard house allocation problems. I find that there is a unique ex ante Pareto-optimal, strategy …-proof and non-bossy allocation mechanism: serial dictatorship. This stands in sharp contrast to the very large set of such … mechanisms for house allocation problems without endogenous information acquisition. -- Serial Dictatorship ; House Allocation …