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Essays in mechanism design

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TitleInfo (ID = T-1)
Title
Essays in mechanism design
SubTitle
PartName
PartNumber
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Identifier
ETD_1084
Identifier (type = hdl)
http://hdl.rutgers.edu/1782.2/rucore10001600001.ETD.000050462
Language (objectPart = )
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eng
Genre (authority = marcgt)
theses
Subject (ID = SBJ-1); (authority = RUETD)
Topic
Economics
Subject (ID = SBJ-2); (authority = ETD-LCSH)
Topic
Econometrics
Abstract
This dissertation consists of three essays in the theory of mechanism design under incomplete information. In the first essay, we analyze an implementation problem in which monetary transfers are feasible, valuations are interdependent and the set of available choices lies in a product space of lattices. This framework is general enough to subsume many interesting examples, including allocation problems with multiple objects. We identify a class of social choice rules which can be implemented in ex post equilibrium. We identify conditions under which ex post efficient social choice rules are implementable using monotone selection theory. The key conditions are extensions of the single crossing property and supermodularity. These conditions can be replaced with more tractable conditions in multiobject allocation problems with either two objects or two agents. I also show that the payments which implement monotone social decision rules coincide with the payments of (1) the classical Vickrey-Clarke-Groves mechanism with private values, and (2) the generalized Vickrey auction introduced by Ausubel [1999] in multiunit allocation problems.
The second essay generalizes the analysis of optimal (revenue maximizing) mechanism design for the seller of a single object introduced by Myerson [1981]. We consider a problem in which the seller has several heterogeneous objects and buyers' valuations depend on each other's private information. We analyze two nonnested environments in which incentive constraints can be replaced with more tractable monotonicity conditions. We establish conditions under which these monotonicity conditions can be ignored, and show that several earlier analyses of the optimal mechanism design problem can be unified and generalized. In particular, problems with two complementary goods in Levin [1997] and multiunit auction problems in Maskin and Riley [1989] and Branco [1996] are special cases.
The third essay considers the problem of selling internet advertising slots to advertisers. Under suitable conditions, we solve for the payments imposed by an optimal mechanism and show that it can be decentralized via prices using a linear assignment approach. At every configuration of private information, optimal mechanism can be interpreted as a menu consisting of a price for every slot.
PhysicalDescription
Extent
vii, 71 p.
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Note (type = degree)
Ph.D.
Note (type = bibliography)
Includes bibliographical references (p. 69-70)
Note (type = statement of responsibility)
by Levent Ulku
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Ulku
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Levent
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Levent Ulku
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McLean
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Richard
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Advisory Committee
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Richard McLean
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Campbell
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Colin
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Advisory Committee
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Colin Campbell
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Sjostrom
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Tomas
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Advisory Committee
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Tomas Sjostrom
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NamePart (type = family)
Mares
NamePart (type = given)
Vladimier
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outside member
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Advisory Committee
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Vladimier Mares
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Rutgers University
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degree grantor
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Graduate School - New Brunswick
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school
OriginInfo
DateCreated (point = ); (qualifier = exact)
2008
DateOther (qualifier = exact); (type = degree)
2008
Place
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xx
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NjNbRU
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TitleInfo
Title
Rutgers University Electronic Theses and Dissertations
Identifier (type = RULIB)
ETD
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TitleInfo
Title
Graduate School - New Brunswick Electronic Theses and Dissertations
Identifier (type = local)
rucore19991600001
Identifier (type = doi)
doi:10.7282/T3HM58SG
Genre (authority = ExL-Esploro)
ETD doctoral
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Open
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Non-exclusive ETD license
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Author Agreement License
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I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.
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application/x-tar
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