Strategy-proof mechanism design with non-quasi-linear preferences
Ex-post revenue maximization for an arbitrary number of objects
Bibliographic Data
| ID | 21470246 |
|---|---|
| Authors | Ryosuke Sakai (0000-0002-0656-8938, Osaka University of Economics), Shigehiro Serizawa (0000-0002-7892-1884, The University of Osaka) |
| Year | 2023 |
| Volume | 60 |
| Issue | 1-2 |
| Pages | 103-120 |
| Publication date | 2023-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Social Choice and Welfare (JOURNAL) |
| Journal identifiers | ISSN: 0176-1714 • E-ISSN: 1432-217X |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s00355-021-01333-y |
| OpenAlex | W3100176921 |
| Language | EN |
| Citations received | 1 |
| References cited | 12 |
We consider the multi-object allocation problem with monetary transfers where each agent obtains at most one object (unit-demand). We focus on allocation mechanisms satisfying individual rationality, non-wastefulness, equal treatment of equals, and strategy-proofness. Extending the result of Kazumura et al. (J Econ Theory 188:105036, 2020b), we show that for an arbitrary number of agents and objects, the minimum price Walrasian is the unique ex-post revenue maximizing mechanism among the mechanisms satisfying no subsidy in addition to the four properties, and that no subsidy in this result can be replaced by no bankruptcy on the positive income effect domain
Bankruptcy · Economics · Mathematical economics · Mathematical optimization · Maximization · Mechanism Design · Microeconomics · Rationality · Revenue · Subsidy · Auction Theory and Applications · Computer Science · Decision-Making and Behavioral Economics · Experimental Behavioral Economics Studies · Mathematics · Finance
| Citations per year | 1 |
|---|---|
| Citation span | 2025 - 2025 (1) |
| Highly cited | No |