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- W2972342058 abstract "We examine the implementation of reduced-form allocation rules in mechanism design problems. To handle the problem, we adopt a conic approach which uses a lift-and-project method to construct a projection cone and find its finite generators. This results in a set of implementable reduced forms for implementation. We then characterize projection cones for several typical mechanism design problems including single-item auctions, bilateral trade, compromise, and multiple-item auctions with group capacity constraints. We find that the implementation condition in general has a linear characterization by a class of sign functions, which is larger and richer than the well-known class of characteristic functions found by Border. These results admit meaningful economic interpretations." @default.
- W2972342058 created "2019-09-19" @default.
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- W2972342058 date "2019-09-01" @default.
- W2972342058 modified "2023-09-23" @default.
- W2972342058 title "A Conic Approach to the Implementation of Reduced-Form Allocation Rules" @default.
- W2972342058 hasPublicationYear "2019" @default.
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