Multiproject team assignments
AbstractWe consider expected profit maximizing mechanisms for a principal who has to allocate a group of agents among a number of projects, assuming that the principal has incomplete information about each agent's ability type, and the agents follow the Bayes-Nash or the dominant strategy equilibrium behavior. We find that while expected profit maximizing mechanisms are similar to the optimal auction (Myerson, 1981), the incentive compatibility constraints are much more restrictive. Interestingly, these constraints are satisfied if each agent's characteristics change in a consistent manner not only with types, but also from project to project.
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Bibliographic InfoArticle provided by Springer in its journal Review of Economic Design.
Volume (Year): 4 (1999)
Issue (Month): 3 ()
Note: Received: 30 April 1997 / Accepted: 22 December 1998
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Web page: http://link.springer.de/link/service/journals/10058/index.htm
Other versions of this item:
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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