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Kazumura, Tomoya; Mishra, Debasis; Serizawa, Shigehiro - 2017

establish a revenue uniqueness result: for every dominant strategy implementable allocation rule, there is a unique payment rule …

Persistent link: https://www.econbiz.de/10011657364

A strategy-proof mechanism should be announced to be strategy-proof : an experiment for the Vickrey auction

Masuda, Takehito; Sakai, Toyataka; Serizawa, Shigehiro; … - 2019

We conduct laboratory experiments for the Vickrey auction with and without an announcement on strategy-proofness to subjects. Although the rate of truth-telling among the subjects stays at 20% without the announcement, it increases to 47% with the announcement. Moreover, by conducting...

Persistent link: https://www.econbiz.de/10012024698

Strategy-proof probabilistic mechanisms for public decision with money

Hashimoto, Kazuhiko; Shiozawa, Kohei - 2016

We study strategy-proof probabilistic mechanisms in a binary public decision model when monetary transfers are allowed. We consider not only the pivotal mechanism, the majority voting mechanism, the random serial dictatorship mechanism, and the unanimity mechanism, but also the random chair...

Persistent link: https://www.econbiz.de/10011443224

Characterizing the vickrey combinatorial auction by induction

Chew, Soo-Hong (contributor); … - 2005

This note studies the allocation of heterogeneous commodities to agents whose private values for combinations of these …) characterization of the Vickrey combinatorial auction as the unique efficient, strategy-proof, and individually rational allocation …

Persistent link: https://www.econbiz.de/10002718515

Strategy-proof and anonymous allocation rules of indivisible goods : a new characterization of Vickrey allocation rule

Serizawa, Shigehiro (contributor) - 2006

firms, or imagine that a government distributes equally divided lands to households. We show that the Vickrey allocation … rule is the unique allocation rule satisfying strategy-proofness, anonymity and individual rationality. -- strategy …-proofness ; anonymity ; indivisible good ; Vickrey allocation rule …

Persistent link: https://www.econbiz.de/10003321348

Vickerey allocation rule with income effect

Saitoh, Hiroki (contributor); … - 2005

establish that on domains including nonquasi-linear preferences, that is, preferences exhibiting income effect, an allocation … and it is the Vickrey allocation rule. -- Vickrey auction ; allocation rule ; income effect ; strategy-proofness …

Persistent link: https://www.econbiz.de/10003246504

Strategy-proof mechanism design with non-quasilinear preferences : ex-post revenue maximization for an arbitrary number of objects

Sakai, Ryosuke; Serizawa, Shigehiro - 2020

We consider the multi-object allocation problem with monetary transfers where each agent obtains at most one object … (unit-demand). We focus on allocation rules satisfying individual rationality, non-waste fulness, equal treatment of equals …

Persistent link: https://www.econbiz.de/10012303350

No price envy in the multi-unit object allocation problem with non-quasi-linear preferences

Shinozaki, Hiroki - 2022

We consider the problem of allocating multiple units of an indivisible object among a set of agents and collecting payments. Each agent can receive multiple units of the object, and has a (possibly) non-quasi-linear preference on the set of (consumption) bundles. We assume that preferences...

Persistent link: https://www.econbiz.de/10012880250

Strategy-proofness on bankruptcy problems with an indivisible object

Hashimoto, Kazuhiko; Nakayama, Yu - 2016

We analyze bankruptcy problems with an indivisible object, where real owners and outside traders want to allocate an indivisible object among them with monetary compensation. The object might be a company that has gone bankrupt or a house left by a parent who has died, and so on. We show that...

Persistent link: https://www.econbiz.de/10011434024

Strategy-proof rule in probabilistic allocation problem of an indivisible good and money

Hashimoto, Kazuhiko - 2015

We consider the problem of probabilistically allocating a single indivisible good among agents when monetary transfers are allowed. We construct a new strategy-proof rule, called the second price trading rule, and show that it is second best efficient. Furthermore, we give the second price...

Persistent link: https://www.econbiz.de/10010504686