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