Justin Burkett

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We study the benchmark independent private value auction setting when bidders have endogenously determined budgets. Before bidding, a bidder decides how much money she will borrow. Bidders incur a cost to borrowing. We show that bidders are indifferent between participating in a first-price, second-price and all-pay auction. The all-pay auction gives higher(More)
This paper provides a unifying framework for matching markets with incomplete information , when the positive assortative match is the unique efficient stable match. I construct a VCG-like mechanism which implements assortative matching as an ex post Nash equilibrium. It achieves this result using a payment rule that distinguishes between an agent deprived(More)
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