Dissolving multi-partnerships efficiently
AbstractI study a market where agents with unit demand jointly own heterogeneous goods. In this market, the existence of an efficient, incentive compatible, individually rational, and budget balanced mechanism depends on the shares of the agents. I characterize the set of shares for which having such a mechanism is possible. This set includes the symmetric allocation and excludes the allocation in which every agent owns a separate good.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Mathematical Economics.
Volume (Year): 48 (2012)
Issue (Month): 2 ()
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Web page: http://www.elsevier.com/locate/jmateco
Efficient mechanisms; Multidimensional types; Multi-object auctions;
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