On the optimality of not allocating

被引：2
|
作者：
Hernando-Veciana, Angel [1 ]
Michelucci, Fabio [2 ]
机构：
[1] Univ Carlos III Madrid, Dept Econ, E-28903 Getafe, Madrid, Spain
[2] CERGE EI, Prague 11121 1, Czech Republic
来源：
ECONOMICS LETTERS | 2014年 / 125卷 / 02期
关键词：
Efficiency; Auctions; Mechanism design;
D O I：
10.1016/j.econlet.2014.09.016
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We show that the commitment to not allocate may be exploited by a seller/social planner to increase the expected social surplus that can be achieved in the sale of an indivisible unit. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码：233 / 235
页数：3
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