منابع مشابه
Allocation Mechanisms and Post-Allocation Interaction
In many traditional auctions, the seller or auctioneer is only interested in the price she gets for the auctioned objects. That is, the sole objective is to raise revenue. But, whenever the government sells some rights, it is often the case that the government is also interested in who will get the rights, and how the rights will be used. Generally speaking, when a market arises after an alloca...
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We generalize the scope of random allocation mechanisms, in which the mechanism first identifies a feasible “expected allocation” and then implements it by randomizing over nearby feasible integer allocations. Previous literature had shown that the cases in which this is possible are sharply limited. We show that if some of the feasibility constraints can be treated as goals rather than hard co...
متن کاملDesigning Random Allocation Mechanisms
After an earlier draft was circulated, we were informed that Edmonds (1970) has previously shown that the incidence matrix of a bihierarchical constraint structure is totally unimodular. We include our proof for completeness below. We utilize the following result for our proof. ∗University of Chicago Booth School of Business. Email: [email protected]. †Department of Economics, Columb...
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Short-term debt financing played an important role in the run-up to the financial crisis, as increases in leverage helped boost growth, but also made the economy more susceptible to a sharp downturn. Since the recession, private agents have reduced their debt level while many governments have increased borrowing. This deleveraging process appears to be holding back the recovery, and the Japanes...
متن کاملExperiments Testing Multiobject Allocation Mechanisms
This paper reports the results of over 130 auctions conducted under controlled conditions to examine the robustness of several auction mechanisms to allocate multiple objects. The simultaneous discrete auction process used by the Federal Communications Commission to allocate Personal Communications licenses was contrasted with a sequential auction and a combinatorial auction over a variety of d...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2020
ISSN: 1556-5068
DOI: 10.2139/ssrn.3609182