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On the optimality of not allocating
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SYSNO ASEP 0441232 Document Type J - Journal Article R&D Document Type Journal Article Subsidiary J Článek ve WOS Title On the optimality of not allocating Author(s) Hernando-Veciana, Á. (ES)
Michelucci, Fabio (NHU-C) RIDSource Title Economics Letters. - : Elsevier - ISSN 0165-1765
Roč. 125, č. 2 (2014), s. 233-235Number of pages 13 s. Language eng - English Country NL - Netherlands Keywords auctions ; mechanism design Subject RIV AH - Economics Institutional support NHU-C - PRVOUK-P23 UT WOS 000345542100023 DOI 10.1016/j.econlet.2014.09.016 Annotation We show that the commitment to not allocate may be exploited by a seller/social planner to increase the expected social surplus that can be achieved in the sale of an indivisible unit. Workplace Economics Institute - CERGE Contact Tomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122 Year of Publishing 2015
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