Efficient Combinatorial Allocations: Individual Rationality versus Stability
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DOI: 10.1515/bejte-2017-0072
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- Louis Makowski & Joseph M. Ostroy, 1989. "Efficient and Individually Rational Bayesian Mechanisms Only Exist on Perfectly Competitive Environments," UCLA Economics Working Papers 566, UCLA Department of Economics.
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More about this item
Keywords
efficient combinatorial allocations; bayesian incentive compatibility; opt-out types; interim individual rationality; marginal stability;All these keywords.
JEL classification:
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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