Generalized reduced-form auctions: a network-flow approach
AbstractWe 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.
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Bibliographic InfoPaper provided by Department of Economics - University of Zurich in its series ECON - Working Papers with number 031.
Date of creation: Sep 2011
Date of revision: Mar 2013
Reduced-form auctions; network-flow approach; feasible circulation flow; paramodular capacity constraints;
Find related papers by JEL classification:
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-10-15 (All new papers)
- NEP-GTH-2011-10-15 (Game Theory)
- NEP-MIC-2011-10-15 (Microeconomics)
- NEP-NET-2011-10-15 (Network Economics)
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