Delacrétaz, David; Loertscher, Simon; Mezzetti, Claudio - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 4, pp. 1803-1845
We consider general asset market environments in which agents with quasilinear payoffs are endowed with objects and have demands for other agents' objects. We show that if all agents have a maximum demand of one object and are endowed with at most one object, the VCG transfer of each agent is...
