| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5072038 | Games and Economic Behavior | 2012 | 19 Pages |
Abstract
⺠We propose a smooth multibidding mechanism for environments where a group of agents have to choose one out of several projects. ⺠Our proposal is related to the multibidding mechanism (Pérez-Castrillo and Wettstein, 2002). ⺠The equilibrium outcome of the mechanism is unique. ⺠It ensures an equal sharing of the surplus. It enables reaching an outcome as close to efficiency as is desired.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
David Pérez-Castrillo, Nicolas Quérou,