GENERALIZED REDUCED-FORM AUCTIONS: A NETWORK-FLOW APPROACH

被引：26

作者：

Che, Yeon-Koo ^{[1
,2
]}

Kim, Jinwoo ^{[3
]}

Mierendorff, Konrad ^{[4
]}

机构：

[1] Columbia Univ, Dept Econ, New York, NY 10027 USA

[2] Yonsei Univ, Seoul 120749, South Korea

[3] Seoul Natl Univ, Dept Econ, Seoul 151742, South Korea

[4] Univ Zurich, Dept Econ, CH-8006 Zurich, Switzerland

来源：

ECONOMETRICA | 2013年 / 81卷 / 06期

基金：

新加坡国家研究基金会; 欧洲研究理事会;

关键词：

Reduced-form auctions; network-flow approach; feasible circulation flow; paramodular capacity constraints; ALLOCATION MECHANISMS; IMPLEMENTATION;

D O I：

10.3982/ECTA11405

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We 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.

引用

页码：2487 / 2520

页数：34

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