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We study mechanism design in dynamic nonmonetary markets where objects are allocated to unit-demand agents with private types and quasi-linear payoffs in their waiting costs. We consider a general class of mechanisms that determine the joint distribution of the object assigned to each agent and...
Persistent link: https://www.econbiz.de/10012833053
Persistent link: https://www.econbiz.de/10012387340
We extend the scope of random allocation mechanisms, in which the mechanism first identifies a feasible "expected allocation" and then implements it by randomizing over nearby feasible integer allocations. Previous literature had shown that the cases in which this is possible are sharply...
Persistent link: https://www.econbiz.de/10014146691