Article ID Journal Published Year Pages File Type
5071685 Games and Economic Behavior 2015 21 Pages PDF
Abstract
We consider a mechanism design problem in economies with increasing returns. We construct a new class of rules, called w-hybrid rules, and characterize them by strategy-proofness, anonymity, envy-freeness, consumer sovereignty, and non-bossiness. We show that w-hybrid rules improve the supremal welfare loss compared with the average cost pricing rule (Moulin, 1999 and Moulin and Shenker, 2001).
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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