Showing 1 - 10 of 22
Persistent link: https://www.econbiz.de/10012661926
We study full surplus extraction and implementation in dynamic environments. We exploit intertemporal correlations of agents' types to construct within-period ex post incentive compatible mechanisms. First, we formulate one-shot environments, in which a single agent has a hidden type and the...
Persistent link: https://www.econbiz.de/10012020290
Persistent link: https://www.econbiz.de/10013337777
We study full surplus extraction and implementation in dynamic environments. We exploit intertemporal correlations of agents' types to construct within-period ex post incentive compatible mechanisms. First, we formulate one-shot environments, in which a single agent has a hidden type and the...
Persistent link: https://www.econbiz.de/10012215289
Persistent link: https://www.econbiz.de/10012637348
The size of a matching is defined as the expected number of agents who are matched to some objects. It is an important design objective in many applications, including refugee resettlement, daycare assignment, and mass vaccination campaigns. This paper studies the matching size achieved by...
Persistent link: https://www.econbiz.de/10012914531
We study full surplus extraction and implementation in dynamic environments. We exploit intertemporal correlations of agents' types to construct within-period ex post incentive compatible mechanisms. First, we formulate one-shot environments, in which a single agent has a hidden type and the...
Persistent link: https://www.econbiz.de/10012905050
Mining application-specific integrated circuit (ASIC) is an essential facility for mining in Proof-of-Work (PoW) based blockchain systems. This paper regards ASIC as a financial asset and proposes a theoretical estimate of the pricing of ASIC. We show that the payouts from ASIC can be replicated...
Persistent link: https://www.econbiz.de/10012889023
We consider matching-mechanism design in an environment in which agents acquire information about their preferences endogenously. Information is costly; thus, agents acquire information only if it is relevant to their decision-making. Agents' beliefs about their choice set (i.e., the set of...
Persistent link: https://www.econbiz.de/10013234511
This paper analyzes panic buying of storable consumer goods, using a novel macroeconomic model of consumers' inventory adjustment featuring search frictions in shopping. Even if consumers are fully rational, an anticipated temporary increase in consumer shopping costs (caused by a disaster...
Persistent link: https://www.econbiz.de/10013234660