This paper studies optimal schemes for allocating scarce resources to agents with private demand information and heterogeneous bargaining powers. Through an investigation of a mechanism design model that aims to induce agents to report their demands truthfully, we find the following results....

Many companies are under pressure to improve pay transparency; however, its impact on their agents and principals remains unclear. As a way to investigate the upside and downside of pay transparency, we conduct a study that focuses on a scenario where agents have “cognitive bias” (namely,...

[Problem definition.] To alleviate farmer poverty, governments and non-governmental organizations (NGOs) are developing different mechanisms for disseminating market information to farmers in developing countries. This paper examines whether a wider dissemination of information will always...