constraints. We show that the generalized Vickrey rule is the only rule satisfying efficiency, strategy-proofness, individual …

the MPW rule is the unique rule satisfying \textit{strategy-proofness}, \textit{efficiency}, \textit …

desirable properties, which highlights the strong tension between egalitarian-equivalence and efficiency. In contrast, in the … case of two agents and a single object, egalitarian-equivalence is compatible with efficiency. …

demand preference relation, and there are more agents than objects, then no rule satisfies efficiency, strategy …

class of rules satisfying the properties, and find the tension between minimal properties of efficiency, fairness, and …

establish: (i) on a common-object-ranking domain, the minimum price rule is the only rule satisfying efficiency, strategy …

. Without quasilinearity, the Vickrey auction loses its desired incentive and efficiency properties. I give conditions under … which we can design a mechanism that retains the Vickrey auction’s desirable incentive and efficiency properties: (1 …) individual rationality, (2) dominant strategy incentive compatibility, and (3) Pareto efficiency. I show that there is a …

-of these markets. Allowing for general fee structures, we show that their impact on incentives and efficiency in large Double …