Market and non-market mechanisms for the optimal allocation of scarce resources

B-Tier
Journal: Games and Economic Behavior
Year: 2013
Volume: 82
Issue: C
Pages: 582-591

Score contribution per author:

2.018 = (α=2.02 / 1 authors) × 1.0x B-tier

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

Abstract

A number of identical objects is allocated to a set of privately informed agents. Agents have linear utility in money. The designer wants to assign objects to agents that possess specific traits, but the allocation can only be conditioned on the willingness to pay and on observable characteristics. I solve for the optimal mechanism. The choice between market or non-market mechanisms depends on the statistical linkage between characteristics valued by the designer and willingness to pay.

Technical Details

RePEc Handle
repec:eee:gamebe:v:82:y:2013:i:c:p:582-591
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25