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In this paper, we consider the problem of allocating an indivisible good between two agents under incomplete information. We provide a characterization of mechanisms that maximize the sum of the expected utilities of the agents among all deterministic feasible strategy-proof mechanisms: Any...
Persistent link: https://www.econbiz.de/10013082603
In this paper, we consider the problem that a benevolent designer wants to provide a non-excludable public good with a fixed cost to agents with privately known valuations. Adopting utilitarian's point of view, the designer maximizes the ex-ante total utility of all agents. The impossibility...
Persistent link: https://www.econbiz.de/10014157918