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Strategy-proof mechanism design with non-quasi-linear preferences: ex-post revenue maximization for an arbitrary number of objects

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Listed:
  • Ryosuke Sakai

    (Osaka University)

  • Shigehiro Serizawa

    (Osaka University)

Abstract

We consider the multi-object allocation problem with monetary transfers where each agent obtains at most one object (unit-demand). We focus on allocation mechanisms satisfying individual rationality, non-wastefulness, equal treatment of equals, and strategy-proofness. Extending the result of Kazumura et al. (J Econ Theory 188:105036, 2020b), we show that for an arbitrary number of agents and objects, the minimum price Walrasian is the unique ex-post revenue maximizing mechanism among the mechanisms satisfying no subsidy in addition to the four properties, and that no subsidy in this result can be replaced by no bankruptcy on the positive income effect domain.

Suggested Citation

  • Ryosuke Sakai & Shigehiro Serizawa, 2023. "Strategy-proof mechanism design with non-quasi-linear preferences: ex-post revenue maximization for an arbitrary number of objects," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 60(1), pages 103-120, January.
    • Handle: RePEc:spr:sochwe:v:60:y:2023:i:1:d:10.1007_s00355-021-01333-y
    DOI: 10.1007/s00355-021-01333-y
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    References listed on IDEAS

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    6. Tomoya Kazumura & Shigehiro Serizawa, 2016. "Efficiency and strategy-proofness in object assignment problems with multi-demand preferences," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(3), pages 633-663, October.
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    8. Hiroki Shinozaki & Tomoya Kazumura & Shigehiro Serizawa, 2020. "Efficient and Strategy-Proof Multi-Unit Object Allocation with Money: (Non)decreasing Marginal Valuations without Guasi-Linearity," ISER Discussion Paper 1097, Institute of Social and Economic Research, Osaka University.
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    Full references (including those not matched with items on IDEAS)

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