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Destroy to save

Author

Listed:
  • de Clippel, Geoffroy
  • Naroditskiy, Victor
  • Polukarov, Maria
  • Greenwald, Amy
  • Jennings, Nicholas R.

Abstract

We study the problem of allocating m identical items among n>m agents with unit demand and private value for consuming the good. We allow payments and focus on dominant-strategy implementation. In the absence of an auctioneer who can absorb payments collected from the agents, the payments must be burnt to support dominant-strategy implementation.

Suggested Citation

  • de Clippel, Geoffroy & Naroditskiy, Victor & Polukarov, Maria & Greenwald, Amy & Jennings, Nicholas R., 2014. "Destroy to save," Games and Economic Behavior, Elsevier, vol. 86(C), pages 392-404.
  • Handle: RePEc:eee:gamebe:v:86:y:2014:i:c:p:392-404
    DOI: 10.1016/j.geb.2012.11.002
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    File URL: http://www.sciencedirect.com/science/article/pii/S0899825612001662
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    Other versions of this item:

    • Geoffroy de Clippel & Louis Putterman & Victor Naroditskiy & Maria Polukarov & Amy Greenwald & Nicholas R. Jennings, 2012. "Destroy to Save," Working Papers 2012-9, Brown University, Department of Economics.

    References listed on IDEAS

    as
    1. Nisan,Noam & Roughgarden,Tim & Tardos,Eva & Vazirani,Vijay V. (ed.), 2007. "Algorithmic Game Theory," Cambridge Books, Cambridge University Press, number 9780521872829, March.
    2. Porter, Ryan & Shoham, Yoav & Tennenholtz, Moshe, 2004. "Fair imposition," Journal of Economic Theory, Elsevier, vol. 118(2), pages 209-228, October.
    3. Bailey, Martin J, 1997. "The Demand Revealing Process: To Distribute the Surplus," Public Choice, Springer, vol. 91(2), pages 107-126, April.
    4. Moulin, Hervé, 2009. "Almost budget-balanced VCG mechanisms to assign multiple objects," Journal of Economic Theory, Elsevier, vol. 144(1), pages 96-119, January.
    5. Guo, Mingyu & Conitzer, Vincent, 2009. "Worst-case optimal redistribution of VCG payments in multi-unit auctions," Games and Economic Behavior, Elsevier, vol. 67(1), pages 69-98, September.
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    Citations

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    Cited by:

    1. Sprumont, Yves, 2013. "Constrained-optimal strategy-proof assignment: Beyond the Groves mechanisms," Journal of Economic Theory, Elsevier, vol. 148(3), pages 1102-1121.
    2. Kazuhiko Hashimoto, 2015. "Strategy-Proof Rule in Probabilistic Allocation Problem of an Indivisible Good and Money," ISER Discussion Paper 0931, Institute of Social and Economic Research, Osaka University.
    3. Naroditskiy, Victor & Steinberg, Richard, 2015. "Maximizing social welfare in congestion games via redistribution," Games and Economic Behavior, Elsevier, vol. 93(C), pages 24-41.
    4. Drexl, Moritz & Kleiner, Andreas, 2015. "Optimal private good allocation: The case for a balanced budget," Games and Economic Behavior, Elsevier, vol. 94(C), pages 169-181.
    5. Athanasiou, Efthymios, 2013. "A Solomonic solution to the problem of assigning a private indivisible good," Games and Economic Behavior, Elsevier, vol. 82(C), pages 369-387.

    More about this item

    Keywords

    Redistribution mechanisms; Budget balance; Inefficient allocation;

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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