Econometrica Vol. 81 No. 6 2013

Generalized Reduced-Form Auctions: A Network-Flow Approach

Yeon‐Koo Che^1,2; Jinwoo Kim³; Konrad Mierendorff^4,5,6

¹ Yonsei University · ² Columbia University · ³ Seoul National University · ⁴ ZHAW Zurich University of Applied Sciences · ⁵ University of Zurich · ⁶ World Education

Abstract

We develop a network-flow approach for characterizing interim-allocation rules that can be implemented by ex post allocations. Our method can be used to characterize feasible interim allocations in general multi-unit auctions where agents face capacity constraints, both ceilings and floors. Applications include a variety of settings of practical interest, ranging from individual and group-specific capacity constraints, set-aside sale, partnership dissolution, and government license reallocation.

DOI

10.3982/ecta11405

Volume

81

Issue

6

Pages

2487-2520

Language

en

Sources

bibtex:phds-export.bib crossref openalex

Cite

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