A mechanism for package allocation problems with gross substitutes

B-Tier
Journal: Journal of Mathematical Economics
Year: 2020
Volume: 87
Issue: C
Pages: 6-14

Authors (3)

Núñez, Marina (Universitat de Barcelona) Rafels, Carlos (not in RePEc) Robles, Francisco (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider a package allocation problem in which a seller owns many indivisible objects and the rest of the agents, buyers, are interested in packages of these objects. Buyers’ valuations satisfy monotonicity and the gross substitutes condition (Kelso and Crawford, 1982). The aim of this paper is to analyze the following mechanism: simultaneously, each buyer requests to the seller a package by announcing how much he would pay for it; once buyers have played, the seller decides the final assignment of packages and the prices, as long as this assignment makes no buyer worse off than with his initial request. The subgame perfect equilibrium outcomes of the mechanism correspond to the Vickrey outcome (Vickrey, 1961) of the market.

Technical Details

RePEc Handle
repec:eee:mateco:v:87:y:2020:i:c:p:6-14
Journal Field
Theory
Author Count
3
Added to Database
2026-01-26