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Constrained-optimal strategy-proof assignment: beyond the Groves mechanisms

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  • SPRUMONT, Yves

Abstract

A single object must be allocated to at most one of n agents. Money transfers are possible and preferences are quasilinear. We offer 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 infinite family; the Vickrey mechanism is the only Groves mechanism in that family.

Suggested Citation

  • SPRUMONT, Yves, 2011. "Constrained-optimal strategy-proof assignment: beyond the Groves mechanisms," Cahiers de recherche 2011-09, Universite de Montreal, Departement de sciences economiques.
    • Handle: RePEc:mtl:montde:2011-09
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    JEL classification:

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

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