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Constrained-Optimal Strategy-Proof Assignment: Beyond the Groves Mechanisms

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  • Yves Sprumont

Abstract

A single object must be allocated to at most one of n agents. Money transfers are possible and preferences are quasilinear. We o¤er an explicit description of the individually rational mechanisms which are Pareto- optimal in the class of feasible, strategy-proof, anonymous and envy-free mechanisms. These mechanisms form a one-parameter in nite family; the Vickrey mechanism is the only Groves mechanism in that family.

Suggested Citation

  • Yves Sprumont, 2011. "Constrained-Optimal Strategy-Proof Assignment: Beyond the Groves Mechanisms," Cahiers de recherche 14-2011, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    • Handle: RePEc:mtl:montec:14-2011
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    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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