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This paper employs applied mechanism design approach pioneered by Grether et al. (1981) and Banks et al. (1989), among others, to solve a novel allocation problem. We compare alternative methods to allocate assets when the future value of an asset is unknown at the time of allocation because of strategic uncertainty.
From:
Katerina Sherstyuk
University of Hawaii at Manoa
Nina Karmanskaya
Pavel Teslia
Novosibirsk State Technical University
This paper employs applied mechanism design approach pioneered by Grether et al. (1981) and Banks et al. (1989), among others, to solve a novel allocation problem. We compare alternative methods to allocate assets when the future value of an asset is unknown at the time of allocation because of strategic uncertainty.
From:
Katerina Sherstyuk
University of Hawaii at Manoa
Nina Karmanskaya
Pavel Teslia
Novosibirsk State Technical University