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Persistent link: https://www.econbiz.de/10010528603
We identify the complete class of transfer rules that guarantee strategyproofness of any non-increasing in completion … decision (or aggregate cost minimization), egalitarian equivalence and strategyproofness. There is no mechanism in this class … that satisfies either feasibility or weak group strategyproofness. Finally we identify the restrictions under which …
Persistent link: https://www.econbiz.de/10011114557
Persistent link: https://www.econbiz.de/10011792183
This paper considers the object allocation problem introduced by Shapley and Scarf (1974). We study secure implementation (Saijo, Sjöström, and Yamato, 2007), that is, double implementation in dominant strategy and Nash equilibria. We prove that (i) an individually rational solution is...
Persistent link: https://www.econbiz.de/10010332437
Agents with single-peaked preferences share a resource coming from different suppliers; each agent is connected to only a subset of suppliers. Examples include workload balancing, sharing earmarked funds, and rationing utilities after a storm.
Persistent link: https://www.econbiz.de/10011042928
and strategyproofness in the context of queueing problems. We completely characterize the class of mechanisms satisfying … stronger notion of strategyproofness called weak group strategyproofness. In addition, we show that generically there is no …
Persistent link: https://www.econbiz.de/10010681414
dictatorships are fully characterized by four different combinations of coalitional strategyproofness, strategyproofness, Pareto …
Persistent link: https://www.econbiz.de/10013208711
dictatorships are fully characterized by four different combinations of coalitional strategyproofness, strategyproofness, Pareto …
Persistent link: https://www.econbiz.de/10011118580
Fees are omnipresent in markets but, with few exceptions, are omitted in economic models-such as Double Auctions-of these markets. Allowing for general fee structures, we show that their impact on incentives and efficiency in large Double Auctions hinges on whether the fees are homogeneous (as,...
Persistent link: https://www.econbiz.de/10013164125
Fees are omnipresent in markets but, with few exceptions, are omitted in economic models-such as Double Auctions-of these markets. Allowing for general fee structures, we show that their impact on incentives and efficiency in large Double Auctions hinges on whether the fees are homogeneous (as,...
Persistent link: https://www.econbiz.de/10013040914