| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5072260 | Games and Economic Behavior | 2013 | 20 Pages |
Abstract
⺠In this paper, we find an optimal mechanism to allocate goods when the benevolent designer cannot charge agents. ⺠The designer can receive a costly but wasteful signal from them. ⺠We find cases in which ignoring these costly signals by giving agents equal share is optimal. ⺠In other cases, those that send the highest signal should receive the goods. ⺠However, we then show that there exist cases where more complicated mechanisms are superior.
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Authors
Surajeet Chakravarty, Todd R. Kaplan,