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| Author: | Jehiel, P. |
| Title: | Multidimensional mechanism design for auctions with externalities |
| Journal: | Journal of Economic Theory
1999 : APR, VOL. 85:2, p. 258-293 |
| Index terms: | MULTIDIMENSIONAL SCALING EXTERNALITIES ECONOMICS |
| Language: | eng |
| Abstract: | In an auction with externalities, a buyer's type is multidimensional and specifies the payoff he would get for each of the N+1 possible outcomes: the seller keeps the object or buyer i (i=1, ...,N) gets the object. The authors provide a characterization of multidimensional incentive compatible mechanisms similar to that for one-dimensional mechanisms. Although reservation utilities are endogenous and type-dependent, the participation constraint is binding for only one "critical type". |
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