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. (C) 2014 Elsevier B.V. All rights reserved.

On the optimality of not allocating

Michelucci F.
2014-01-01

Abstract

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. (C) 2014 Elsevier B.V. All rights reserved.
2014
125
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10278/3719977
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