Showing 1 - 10 of 13
We study mechanism design in a setting where agents know their types but are uncertain about the utility from any alternative. The lnal realized utility of each agent is observed by the principal and can be contracted upon. In such environments, the principal is not restricted to using only...
Persistent link: https://www.econbiz.de/10010860107
We consider the problem of choosing a partition of a set of objects by a set of agents. The private information of each agent is a strict ordering over the set of partitions of the objects. A social choice function chooses a partition given the reported preferences of the agents. We impose a...
Persistent link: https://www.econbiz.de/10010535470
We consider deterministic dominant strategy implementation in multidimensional dichotomous domains in private values and quasi-linear utility setting. In such multidimensional domains, an agent's type is characterized by a single number, the value of the agent, and a non-empty subset of...
Persistent link: https://www.econbiz.de/10010535471
We study an economy where a collection of indivisible goods are sold to a set of buyers who want to buy at most one good. We characterize the set of Walrasian equilibrium price vectors in such an economy using sets of overdemanded and underdemanded goods. Further, we give characterizations for...
Persistent link: https://www.econbiz.de/10004979288
In this paper, we analyze the cost allocation problem when a group of agents or nodes have to be connected to a source, and where the cost matrix describing the cost of connecting each pair of agents is not necessarily symmetric, thus extending the well-studied problem of minimum cost spanning...
Persistent link: https://www.econbiz.de/10004979300
We study the assignment model where a collection of indivisible goods are sold to a set of buyers who want to buy at most one good. We characterize the extreme and interior points of the set of Walrasian equilibrium price vectors for this model. Our characterizations are in terms of demand sets...
Persistent link: https://www.econbiz.de/10004979304
Descending price auctions are adopted for goods that must be sold quickly and in private values environments, for instance in flower, fish, and tobacco auctions. In this paper, we introduce ex post efficient descending auctions for two environments: multiple non-identical items and buyers with...
Persistent link: https://www.econbiz.de/10004979325
We study deterministic single object auctions in private values environments. We show that a deterministic allocation rule is implementable (in dominant strategies) if and only if it is a generalized utility maximizer. With a mild continuity condition, we show that a deterministic allocation...
Persistent link: https://www.econbiz.de/10010706353
We study mechanism design in quasi-linear environments when there are two alternatives. We show that under a mild range condition, every implementable deterministic allocation rule is a generalized utility function maximizer. In unbounded domains, if we replace our range condition by an...
Persistent link: https://www.econbiz.de/10010706361
We consider implementation of a deterministic allocation rule using transfers in quasi-linear private values environments. We show that if the type space is a multidimensional domain satisfying some ordinal restrictions, then an allocation rule is implementable in such a domain if and only if it...
Persistent link: https://www.econbiz.de/10010706362