The communication requirements of efficient allocations and supporting prices.
We show that any communication finding a value-maximizing allocation in a private-information economy must also discover supporting prices (in general personalized and nonlinear). In particular, to allocate L indivisible items between two agents, a price must be revealed for each of the 2L-1 bundles...
| Publicado en: | Journal of Economic Theory Vol. 129; no. 1; pp. 192 - 225 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Academic Press Inc.
July 2006
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |