GENERALIZED REDUCED-FORM AUCTIONS: A NETWORK-FLOW APPROACH

• 成果类型: Article
• 署名作者: Che, Yeon-Koo; Kim, Jinwoo; Mierendorff, Konrad
• 署名单位: Columbia University; Yonsei University; Seoul National University (SNU); University of Zurich
• 刊物名称: ECONOMETRICA
• ISSN/ISSBN: 0012-9682
• DOI: 10.3982/ECTA11405
• 发表日期: 2013
• 页码: 2487-2520
• 关键词: Allocation mechanisms; implementation

摘要

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.