Monday, 16:15 - 16:40 h, Room: MA 043

 

Konrad Mierendorff
Generalized reduced-form auctions: A network-flow approach

Coauthors: Yeon-Koo Che, Jinwoo Kim

 

Abstract:
We develop a network-flow approach for characterizing interim-allocation rules that can be implemented by ex post allocations. The network method can be used to characterize feasible interim allocations in general multi-unit auctions where agents face hierarchical capacity constraints. We apply the method to solve for an optimal multi-object auction mechanism when bidders are constrained in their capacities and budgets.

 

Talk 3 of the invited session Mon.3.MA 043
"Design of optimal mechanisms" [...]
Cluster 8
"Game theory" [...]

 

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