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• W2951413157 abstract "In the private values single object auction model, we construct a satisfactory mechanism - a symmetric, dominant strategy incentive compatible, and budget-balanced mechanism. Our mechanism allocates the object to the highest valued agent with more than 99% probability provided there are at least 14 agents. It is also ex-post individually rational. We show that our mechanism is optimal in a restricted class of satisfactory ranking mechanisms. Since achieving efficiency through a dominant strategy incentive compatible and budget-balanced mechanism is impossible in this model, our results illustrate the limits of this impossibility." @default.
• W2951413157 created "2019-06-27" @default.
• W2951413157 creator A5010307885 @default.
• W2951413157 creator A5043606143 @default.
• W2951413157 date "2016-04-28" @default.
• W2951413157 modified "2023-09-25" @default.
• W2951413157 title "Balanced Ranking Mechanisms" @default.
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• W2951413157 hasPublicationYear "2016" @default.
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