Abstract

There are many situations in which policymakers are primarily concerned with the availability and accessibility of goods or services. Examples include electricity, food, housing, medical supplies, et cetera. In such cases, the social goal may be to maximize the number of transactions, which we refer to as a maximal matching. This paper presents a mechanism that implements this objective. The mechanism satisfies the incentive and participation constraints, but requires external funding.
Original languageEnglish
Place of PublicationMaastricht
PublisherMaastricht University, Graduate School of Business and Economics
Number of pages26
DOIs
Publication statusPublished - 11 Apr 2024

Publication series

SeriesGSBE Research Memoranda
Number004
ISSN2666-8807

JEL classifications

  • c72 - Noncooperative Games
  • d47 - Market Design
  • d63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

Keywords

  • double auction
  • egalitarian rule
  • mechanism design
  • Myerson's Lemma
  • welfare economics

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