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Shneyerov, Artyom - In: Economic Theory 57 (2014) 3, pp. 577-602

We study slow Dutch auctions, where the clock does not fall instantaneously, but instead falls over time. Buyers are assumed less patient than the seller. In a symmetric setting, we investigate the properties of the optimal revenue-maximizing clock. We find that the clock is genuinely dynamic...

Persistent link: https://www.econbiz.de/10011151147

Egalitarian equivalence and strategyproofness in the queueing problem

Chun, Youngsub; Mitra, Manipushpak; Mutuswami, Suresh - In: Economic Theory 56 (2014) 2, pp. 425-442

CitationID="CR31">1978</CitationRef>) together with queue efficiency and strategyproofness in the context of queueing problems … of strategyproofness called weak group strategyproofness. In addition, we show that generically there is no mechanism …

Persistent link: https://www.econbiz.de/10010993550

A simple random assignment problem with a unique solution

Moulin, Hervé; Bogomolnaia, Anna - In: Economic Theory 19 (2002) 3, pp. 623-636

sense, and envy-freeness. We characterize it also by ordinal efficiency, strategyproofness and equal treatment of equals. …

Persistent link: https://www.econbiz.de/10005753157

Strategyproof sharing of submodular costs:budget balance versus efficiency

Moulin, Hervé; Shenker, Scott - In: Economic Theory 18 (2001) 3, pp. 511-533

A service is produced for a set of agents. The service is binary, each agent either receives service or not, and the total cost of service is a submodular function of the set receiving service. We investigate strategyproof mechanisms that elicit individual willingness to pay, decide who is...

Persistent link: https://www.econbiz.de/10005753323

An analysis of the German university admissions system

Westkamp, Alexander - In: Economic Theory 53 (2013) 3, pp. 561-589

This paper analyzes the sequential admissions procedure for medical subjects at public universities in Germany. Complete information equilibrium outcomes are shown to be characterized by a stability condition that is adapted to the institutional constraints of the German system. I introduce...

Persistent link: https://www.econbiz.de/10010681310

On the Non-Existence of Redundant Options

Baptista, Alexandre - In: Economic Theory 31 (2007) 2, pp. 205-212

Persistent link: https://www.econbiz.de/10005371185

Identification of consumers’ preferences when their choices are unobservable

Matzkin, Rosa - In: Economic Theory 26 (2005) 2, pp. 423-443

We provide conditions under which the heterogenous, deterministic preferences of consumers in a pure exchange economy …, with two commodities, where consumers’ preferences are random. For the latter, we provide conditions under which consumers …’ heterogenous random preferences can be identified from the joint distribution of equilibrium prices and endowments. The results can …

Persistent link: https://www.econbiz.de/10005370812

Simple Utility Functions with Giffen Demand

Sørensen, Peter - In: Economic Theory 31 (2007) 2, pp. 367-370

Persistent link: https://www.econbiz.de/10005155485

Preservation and exogenous uncertain future preferences

Kama, Alain Ayong Le - In: Economic Theory 18 (2001) 3, pp. 745-752

preferences. Their model is rather general and so the results are general qualitative theorems. We show that in some interesting … assumption of a Poisson process for the evolution of preferences. …

Persistent link: https://www.econbiz.de/10005753435