Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072096 | Games and Economic Behavior | 2012 | 12 Pages |
Abstract
⺠A set of heterogeneous objects is allocated to a set of ex-ante heterogeneous agents. ⺠There is no money. Private values indicate willingness to engage in costly signaling. ⺠The designer faces a trade-off between allocative efficiency and cost minimization. ⺠The set of ex-ante Pareto efficient allocation mechanisms is characterized. ⺠Practical implementation via all-pay auctions is proposed.
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Authors
Daniele Condorelli,