Assigning Resources to Budget-Constrained Agents

S-Tier
Journal: Review of Economic Studies
Year: 2013
Volume: 80
Issue: 1
Pages: 73-107

Authors (3)

Yeon-Koo Che (University of Wisconsin-Madiso...) Ian Gale (not in RePEc) Jinwoo Kim (not in RePEc)

Score contribution per author:

2.691 = (α=2.02 / 3 authors) × 4.0x S-tier

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

Abstract

This article studies different methods of assigning a good to budget-constrained agents. Schemes that assign the good randomly and allow resale may outperform the competitive market in terms of Utilitarian efficiency. The socially optimal mechanism involves random assignment at a discount--an in-kind subsidy--and a cash incentive to discourage low-valuation individuals from claiming the good. Copyright , Oxford University Press.

Technical Details

RePEc Handle
repec:oup:restud:v:80:y:2013:i:1:p:73-107
Journal Field
General
Author Count
3
Added to Database
2026-01-25