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Allocation of an Indivisible Good

Two kids at school are arguing over who owns a cool video game cartridge, and the schoolteacher, a ruthlessly practical social planner who knows that kids can only enforce so much AND that the game is ...
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1answer
28 views

Code finding all stable matchings in one-to-one problem

Do you know of publicly available code in python, R, or any other free high level language which returns all stable matchings for any one-to-one matching problem? Note: This is related but ...
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0answers
31 views

Taking a mechanism as given, what goal functions can we implement?

Let $\theta_i$ be $i$'s private information about the state of the world, $\theta \in \Theta$, where $\theta = \times_i \theta_i$. Each agent reports $\hat{\theta_i}$ to a social planner, so that ...
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0answers
17 views

Business agreement design - is there science behind this?

I am working on schemas how advertisement space is sold to the ad agencies, ad networks and individual customers. There are lot of questions involved how to design the business agreement. E.g. one can ...
3
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2answers
104 views

Computing Boston and TTC in Python

This is somewhat of a follow up question to Available code for computing solutions to matching algorithms?. In the above question, I got great answers, but all of them were for ...
3
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1answer
45 views

Is there an algorithm to find as many NE as possible in this generalized second price auction?

Suppose three advertisers, I, II, III are participating in an auction for three positions for online advertising, top, middle and bottom. Assume that click per second for a position is not affected ...
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3answers
103 views

Bidder Count Impact on Uniform Price Economics

Say we have an uniform price auction where 1 really rare stamp is for sale. Only 5 randomly selected stamp collectors are invited to bid and the stamp ends up selling for 1 million dollars. Now ...
3
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2answers
58 views

Derivation on p.99 of Salanie, The Economics of Taxation (2nd edition)

Starting on p. 98 of Salanie's "The Economic of Taxation" (2nd edition), it explains To probe it more rigorously, let us define the utility of taxpayer $w$ when he claims to have productivity ...
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1answer
147 views

How does Google price the items on Google Play?

I am a fledgling computer science researcher working in intersection of economics and computation. Please excuse me if this question seems out of place to the administrator. I am currently studying ...
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1answer
12 views

Mechanism design when decision space D depends on types θ

Can the tools of mechanism design be applied when the decision space $D$ depends on the types $\theta$? For example, when $d \in D$ represents the total funding allocated toward some good and ...
5
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3answers
3k views

What is the definition of “First Best”, “Second Best”, etc. in contract theory?

What is the definition of "First Best", "Second Best", etc. in contract theory? Especially, what is the difference between "First Best" in contract theory and "ex-post efficient" in mechanism design? ...
5
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1answer
49 views

Any study on performance gap between optimal mechanism and linear mechanism?

In mechanism design, the optimal mechanism is usually not linear in the agent's type. However, linear mechanisms are easy for implementation. Are there any studies on the performance comparison ...
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2answers
433 views

Available code for computing solutions to matching algorithms?

The question of designing matching procedure (between high-schools and students, med intern and hospitals, kidney donors and receivers,...) has been widely studied by economists and vastly contributed ...