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We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A … participation and budget constraints must hold for each possible outcome while the mechanism must be implementable in dominant … strategies. We derive the class of optimal mechanisms and show that it has a deferred acceptance auction representation. This …
Persistent link: https://www.econbiz.de/10011491761
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility. A … participation and budget constraints must hold for each possible outcome while the mechanism must be implementable in dominant … strategies. We derive the class of optimal mechanisms and show that it has a deferred acceptance auction representation. This …
Persistent link: https://www.econbiz.de/10011633851
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility … participation and budget constraints must hold for each possible outcome, while the mechanism must be strategyproof. We identify … settings in which the class of optimal mechanisms has a deferred acceptance auction representation which allows an …
Persistent link: https://www.econbiz.de/10011697176
We consider a budget-constrained mechanism designer who selects an optimal set of projects to maximize her utility … participation and budget constraints must hold for each possible outcome, while the mechanism must be strategyproof. We identify … settings in which the class of optimal mechanisms has a deferred acceptance auction representation which allows an …
Persistent link: https://www.econbiz.de/10011932892
Persistent link: https://www.econbiz.de/10011776993
We consider a budget-constrained mechanism designer who wants to select an optimal subset of projects to maximize her … faces hard ex-post constraints: The participation and budget constraint must hold for each possible outcome while the … cutoff functions. These cutoff functions exhibit properties that allow an implementation through a descending clock auction …
Persistent link: https://www.econbiz.de/10011161439
Persistent link: https://www.econbiz.de/10012546873
We consider the problem faced by a procurement agency that runs a mechanism for constructing an assortment of … differentiated products with posted prices, from which heterogeneous consumers buy their most preferred alternative. Procurement … take this form. When choosing the assortment, the procurement agency must optimize the tradeoff between offering a richer …
Persistent link: https://www.econbiz.de/10012244488
Persistent link: https://www.econbiz.de/10011876684
Persistent link: https://www.econbiz.de/10014302150