Alleinerziehende Eltern und ihre Kinder profitieren besonders von frühkindlichen Bildungs- und Betreuungsangeboten. Dennoch erhalten in Deutschland knapp ein Drittel der Alleinerziehenden mit Betreuungsbedarf…
This paper discusses a capacity-based redispatch mechanism in which awarded market participants are compensated for their availability for redispatch, rather than activation. The rationale is to develop a market…
Combinatorial auctions, which allow bidders to bid not only on individual items but also on packages of items and to express complementary and substitute relationships between items, have rarely been used for…
Consumers acquire information through their own search efforts or through word-of-mouth communication within their social network. Information diffusion leads to free-riding and less active search. Free-riding…
The usual analysis of bidding in first-price auctions assumes that bidders know the distribution of valuations. We analyze first-price auctions in which bidders do not know the precise distribution of…
I consider a seller selling a good to bidders with two-dimensional private information: their valuation for a good and their characteristic. While valuations are non-verifiable, characteristics are partially…
We study optimal mechanisms for a utilitarian designer who seeks to assign a finite number of goods to a group of ex ante heterogeneous agents with unit demand. The agents have heterogeneous marginal utilities…