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establish: (i) on a common-object-ranking domain, the minimum price rule is the only rule satisfying efficiency, strategy …
Persistent link: https://www.econbiz.de/10011564952
demand preference relation, and there are more agents than objects, then no rule satisfies efficiency, strategy …
Persistent link: https://www.econbiz.de/10011421509
account, SDP can improve efficiency. Quantitatively, I show that, based on French data, removing the SDP leads to output and … margins. In extension, it is shown that (1) whether SDPs improve efficiency depends on the level of financial development and …
Persistent link: https://www.econbiz.de/10012013644
A platform matches agents from two sides of a market to create a trading opportunity between them. The agents subscribe to the platform by paying subscription fees which are contingent on their reported private types, and then engage in strategic interactions with their matched partner(s). A...
Persistent link: https://www.econbiz.de/10012430025
This paper studies the problem of a monopolistic platform which offers agents connection with one another. Agents have heterogeneous characteristics that are valued by some other agents and observed privately by the principal. The agents are privately informed about their heterogeneous...
Persistent link: https://www.econbiz.de/10012430040
Each agent in a market needs to supplement his skill with a particular skill of another agent to complete his project. A platform matches the agents and allows members of the same match to share their skills. A match is valuable to an agent if he is matched with any agent who possesses a skill...
Persistent link: https://www.econbiz.de/10013472341
We consider a problem of allocating multiple identical objects to a group of agents and collecting payments. Each agent may receive several objects and has quasi-linear preferences with a submodular valuation function. It is known thatWalrasian mechanisms are manipulable. We investigate the...
Persistent link: https://www.econbiz.de/10011564953
rule which satisfies Pareto-efficiency, strategy-proofness, individual rationality, and nonnegative payment uniquely exists …
Persistent link: https://www.econbiz.de/10010332345
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/10012430002
-called experimenter demand effect. Moreover, providing advice improves efficiency in the Vickrey auction, particularly in the early …
Persistent link: https://www.econbiz.de/10012544001