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Generalized reduced-form auctions: A network-flow approach


Che, Yeon-Koo; Kim, Jinwoo; Mierendorff, Konrad (2013). Generalized reduced-form auctions: A network-flow approach. Working paper series / Department of Economics 31, University of Zurich.

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.

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.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
Dewey Decimal Classification:330 Economics
JEL Classification:D44
Uncontrolled Keywords:Reduced-form auctions, network-flow approach, feasible circulation flow, paramodular capacity constraints
Language:English
Date:March 2013
Deposited On:25 Nov 2011 10:13
Last Modified:12 Aug 2017 12:32
Series Name:Working paper series / Department of Economics
Number of Pages:29
ISSN:1664-7041
Official URL:http://www.econ.uzh.ch/static/wp/econwp031.pdf
Related URLs:http://www.econ.uzh.ch/static/workingpapers.php

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