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A Subsidized Vickrey Auction for Cost Sharing
(Vanderbilt University, 2007)
We introduce a subsidized Vickrey auction for cost sharing problems. Although the average, marginal, and serial cost sharing mechanisms are budget-balanced, they are not allocatively efficient and they do not induce players ...
A Revelation Principle for Dominant Strategy Implementation
(Vanderbilt University, 2008)
We introduce a perfect price discriminating (PPD) mechanism for allocation problems with private information. A PPD mechanism treats a seller, for example, as a perfect price discriminating monopolist who faces a price ...