Redistributive Allocation Mechanisms
Redistributive Allocation Mechanisms
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DOI:
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发表时间:
2020
影响因子:
8.2
通讯作者:
S. Kominers
中科院分区:
文献类型:
--
作者:
M. Akbarpour;Piotr Dworczak;S. Kominers
Many scarce public resources are allocated at below-market-clearing prices and sometimes for free. Such “nonmarket” mechanisms sacrifice some surplus, yet they can potentially improve equity. We develop a model of mechanism design with redistributive concerns. Agents are characterized by a privately observed willingness to pay for quality, a publicly observed label, and a social welfare weight. A market designer controls allocation and pricing of a set of objects of heterogeneous quality and maximizes the expectation of a welfare function. The designer does not directly observe individuals’ social welfare weights. We derive structural insights about the form of the optimal mechanism, leading to a framework for determining how and when to use nonmarket mechanisms.
DOI:
10.1111/j.1467-937x.2008.00517.x
发表时间:
2005-12
期刊:
Macroeconomics eJournal
影响因子:
--
作者:
Heidrun C. Hoppe-Wewetzer;B. Moldovanu;A. Sela
通讯作者:
Heidrun C. Hoppe-Wewetzer;B. Moldovanu;A. Sela