Reallocation Mechanisms

@inproceedings{Blumrosen2014ReallocationM,
  title={Reallocation Mechanisms},
  author={Liad Blumrosen and Shahar Dobzinski},
  booktitle={EC},
  year={2014}
}
We consider reallocation problems in settings where the initial endowment of each agent consists of a subset of the resources. The private information of the players is their value for every possible subset of the resources. The goal is to redistribute resources among agents to maximize efficiency. Monetary transfers are allowed, but participation is voluntary. We develop incentive-compatible, individually-rational and budget balanced mechanisms for several classic settings, including… CONTINUE READING