Generalized reduced-form Auctions: : a network-flow Approach

• Autores: Yeon-Koo Che, Jinwoo Kim, Konrad Mierendorff
• Localización: Econométrica: Journal of the Econometric Society, ISSN 0012-9682, Vol. 81, Nº 6, 2013, págs. 2487-2520
• Idioma: inglés
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• Resumen

  • We develop a network-flow approach for characterizing interim-allocation rules that can be implemented by ex post allocations. Our method can be used to characterize feasible interim allocations in general multi-unit auctions where agents face capacity constraints, both ceilings and floors. Applications include a variety of settings of practical interest, ranging from individual and group-specific capacity constraints, set-aside sale, partnership dissolution, and government license reallocation. [PUBLICATION ABSTRACT]