Resumen de Generalized reduced-form Auctions: : a network-flow Approach
Yeon-Koo Che, Jinwoo Kim, Konrad Mierendorff
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]
